Arab Times

Norway SWF

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Norway’s sovereign wealth fund will continue to be a major player in real estate markets in the years to come despite its announceme­nt on Thursday that it will reorganise operations, the central bank, which manages the fund, said on Friday.

“Some media coverage has created the impression that the fund’s real estate investment­s are being closed down,” Norges Bank said in a statement.

“We would like to emphasise that real estate will continue to be an important part of the bank’s investment strategy ... and the fund will be a major player in the real estate markets in the years to come,” it added.

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