Oil continues to be crucial to Gulf states, but sovereign wealth funds may be able to close the gap left by an eventual end to fossil fuel resources, if a fiduciary-focused fund management culture can be instilled.
Frederic Schneider is a senior research associate at the Judge Business School at the University of Cambridge. His policy analysis on the Gulf has been featured by the Washington Institute for Near East Policy and the London School of Economics’ Middle East Centre. His academic research has been cited over 600 times and published in world-leading journals, such as the Proceedings of the National Academy of Sciences, American Economic Journal, and Journal of the European Economic Association. He holds a PhD in economics from the University of Zurich and has previously held posts at Yale University and the University of California at Berkeley.