Gulf states like Saudi Arabia, Qatar and the United Arab Emirates are considering a revision of global investment plans and pledges, which will impact economies the world over. The impetus for this is the Iranian assaults on its Gulf Arab neighbors, which have placed a strain on national budgets and interfered with local infrastructure expansion projects. For example, in March, Wood Mackenzie reported that the Iranian attacks on the Qatari Ras Laffan Industrial City caused damage and fires extensive enough to halt liquid natural gas, or LNG, production at the site for at least two months and likely delay the completion of the North Field East expansion project, intended to add 32 million tons of LNG a year.

Also in March, Reuters reported that up to $2 trillion of Gulf states’ investments in the U.S. were under review to offset losses from the war, with longer-term commitments not tied to specific contracts more likely to be trimmed back versus deals already subject to formal contracts. On April 15, Saudi Arabia's Public Investment Fund Governor Yasir ⁠Al-Rumayyan said, "Local investment should be 80% and we aim for international investment to be ​20%," down from a high of 30%, according to a commentary on Reuters. Still, PIF’s strategy indicates that it will continue to invest overseas in companies that impact an ever-shifting global economy.

How the Gulf funds drive........

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