How Energy Wealth Funds Are Being Leveraged To Diversify Economies ...Middle East

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How Energy Wealth Funds Are Being Leveraged To Diversify Economies
source : OILPRICE ( Middle East ) () 58
The success of Norway’s sovereign wealth fund has encouraged other oil-rich nations to follow in its footsteps by developing their own national funds from energy revenues. Countries across the Middle East have already accumulated vast amounts of wealth from their funds, now using them to diversify their economies to industries beyond oil and gas, to ensure the longevity of their wealth. And countries across new oil regions, such as Africa and the Caribbean, are now looking to do the same to develop their national economies.  The Norwegian…

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