Abu Dhabi’s Mubadala Investment Company played a major role in sovereign wealth fund (SWF) activity in 2024, accounting for nearly 20% of the $136.1bn total spent worldwide. Mubadala deployed $29.2bn in 2024, a substantial rise from the $17.5bn invested the previous year. Key focuses included the digital economy, AI and digitisation.

The UAE-based conglomerate Elite Group Holding has signed an agreement to establish a $27m integrated facility at Dubai Industrial City, a leading manufacturing and logistics hub.

The Abu Dhabi Investment Office (ADIO) has partnered with the Export-Import Bank of the United States (EXIM) to strengthen economic ties and promote trade between the UAE and the US.

Saudi Arabia’s Public Investment Fund (PIF) and French investment firm Ardian have completed the acquisition of a 37.6% stake in Heathrow Airport Holdings for $4.1bn.

Bahrain will once again host Formula 1 pre-season testing. This marks the fifth consecutive year the Kingdom has been selected for this event, further cementing its reputation as a premier motorsport destination in the Middle East.

A new report titled Shaping the Future of Minerals estimates that $5.4tr in capital investment will be required to sustain and expand mining and processing facilities worldwide.