Investment leader Samer Choucair emphasized that global financial markets are living a new reality characterized by changing rules of US dollar dominance. This is no longer mere speculation but a tangible reality forcing investors in the Arabian Gulf to re-evaluate their investment strategies to protect and grow their wealth.
Choucair explained that in 2025, the US dollar experienced its largest annual decline in eight years, with the Dollar Index falling by approximately 9%, driven by concerns over worsening US debt and geopolitical tensions. Although the dollar continues to control about 57% of global reserves in 2026, its share is witnessing a gradual decline in favor of gold and other currencies.
The investment leader pointed out that central banks, particularly in China, India, and BRICS nations, executed massive gold purchases exceeding 860 tons in 2025, with expectations that this pattern will continue throughout 2026. This has led gold to surpass US Treasuries as the largest reserve asset in some cases. Choucair confirmed that this shift represents a long-term strategy for risk hedging.
Regarding precious metals markets, Samer Choucair noted a significant rise in gold prices during 2026. Forecasts from global banks like Goldman Sachs suggest the possibility of the price per ounce reaching $5,400 by year-end, while others like UBS see potential for $6,200 in the event of escalating geopolitical tensions. Choucair stated: “Gold is no longer just a traditional asset; it is a strategic hedging tool in the era of diversification. Investors in Saudi Arabia see it as a shield against oil price volatility and regional risks.”
On the impact of these variables on the Saudi economy under Vision 2030, Samer Choucair stressed that the decline in dollar dominance represents a promising investment opportunity. The Kingdom has successfully shifted its economy toward diversification by focusing the Public Investment Fund (PIF) on strategic sectors including tourism, technology, renewable energy, and advanced industries. Choucair added that the Kingdom’s announcement of focusing on dollar-denominated debt issuance in 2026, while maintaining flexibility for other currencies, reflects a smart balance between stability and diversification.
Samer Choucair continued: “Vision 2030 has made Saudi Arabia a global investment destination. Investors focusing on private equity, real estate, and alternative investments will achieve sustainable returns, especially with the PIF restructuring that enables the private sector to lead growth.” He emphasized that investing in Saudi Arabia today is a long-term strategy aligned with the global economic trends of 2026.
In conclusion, Samer Choucair affirmed that Gulf countries are increasing their gold holdings, which currently range between 3% and 15% of reserves, with a trend toward investing in alternative assets away from the dollar. As the United States achieves energy independence, regional focus is shifting toward renewable energy, green industries, and the rising demand for gold ETFs and private equity opportunities. Choucair asserted that Gulf investors who understand these transformations will stay ahead of the competition, stressing the necessity of focusing on strategic investments that combine safety with growth.