Today's Edition
KHALED AL KHAWALDEH (ABU DHABI)
A new report compiled by international Global SWF has revealed that Abu Dhabi is the global leader when it comes to the value of its sovereign wealth funds, overtaking Oslo and leading Beijing, Singapore, Riyadh and Hong Kong.
The report released last week, found that Abu Dhabi’s sovereign wealth funds were valued at $1.7 trillion as of October 2024 and included the assets under the management of Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, Abu Dhabi Aid Fund of Development (ADFD), Tawazun and the Emirates Investment Authority.
The report found that in the first three quarters of 2024, ADIA, Mubadala, and ADQ invested $36 billion in deals across the world which constituted two-thirds of the amount all Gulf SWFs invested, and 26% of what all SWFs globally invested in that period. Global SWF also found that Abu Dhabi led when it comes to human capital, meaning the personnel employed by sovereign wealth funds, with 3,107 staff among its multiple funds.
Global SWF estimates the total of Abu Dhabi’s public capital to be somewhere around $2.3 trillion and projects that this will reach $3.4 trillion by 2030.
