SWFS in Small Gulf States: Harnessing Soft Power Balancing in the GCC Region
摘要
Sovereign Wealth Funds (SWFs) have garnered increasing attention amidst the shifting geopolitical landscape of the Arabian Peninsula. Beyond their established role in fostering economic development and promoting socio-economic growth, SWFs have emerged as strategic tools for cultivating influence and advancing foreign and security policy objectives. This study examines the hypothesis that three small Gulf states—the UAE, Qatar, and Kuwait—strategically utilize SWFs to expand their regional and international influence, balancing power in the face of significant geopolitical challenges within the GCC region. Through a comprehensive analysis of SWFs’ policymaking and implementation from a soft power perspective, this research sheds light on how these states leverage economic assets to navigate complex geopolitical dynamics and secure their strategic foreign and security strategic objectives.