<p>The last decade has a seen sharp rise in GCC SWFs&rsquo; investments in developed countries, as a result of which their accumulated assets have dramatically increased. Although investments in large, advanced economies and prominent emerging markets are likely to continue in the next few years, GCC SWFs are now increasingly recycling part of their petrodollar inflows into developing economies in the Middle East, Africa, and Central Asia, and least developed countries (LDCs).</p>

<p>Is this shift borne out of strategic considerations, financial attractiveness, or the desire to be recognised as partners of the global transition? And can it enable the energy transition in these countries?</p>
