Abstract

Sovereign wealth funds are a prominent feature of all countries that depend on a certain revenue, especially the oil sector and unstable economies for financial sustainability, as they are considered financial bodies of a governmental nature. The private sector, and the research problem lies in the fact that rentier countries that depend on the oil sector are exposed to financial shocks as a result of low oil prices, global financial crises, oil depletion, and others that negatively affect public spending in particular, especially investment spending and the economy in general, which called for a mechanism to ensure Investing money in a wise, useful and efficient way. The hypothesis of the research is that sovereign funds have an important role in investing financial surpluses, enhancing the domestic investment aspect, diversifying sources of income and achieving financial sustainability.The research reached a number of conclusions, the most important of which was that countries that depend on exporting raw materials (crude oil) and enjoy a large financial surplus depend on foreign investments because internal investments are not feasible due to the narrowness of the local market and the inflexibility of the productive apparatus. The study concluded with a number of recommendations, the most prominent of which Managing sovereign funds alongside the private sector is the best internal model for achieving the country's developmental aspects.