Sovereign Wealth Funds
The UAE is home to some of the world’s largest and most influential sovereign wealth funds (SWFs). These funds play a pivotal role in managing the nation’s wealth and driving economic diversification. With $1.7 trillion in sovereign assets under management, Abu Dhabi, dubbed the “capital of capital,” has established itself as the world’s top city for sovereign wealth capital. Overall, the UAE’s combined sovereign AUM is estimated to have reached $2.2 trillion by the end of 2024.
Key Companies
Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi, using a strategy focused on long‑term value creation. It is the world’s third-largest SWF, with more than $1 trillion in assets under management. ADIA’s portfolio is comprised of more than two dozen asset classes and subcategories across North America, Europe, Developed Asia and emerging markets. Asset classes range from equities and fixed income to hedge funds and real estate to private equity and infrastructure.
Investment Corporation of Dubai
The Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai and manages a broad portfolio of assets in excess of AED 1.3 trillion across a wide spectrum of sectors that support Dubai’s dynamic economy. ICD’s portfolio companies span a variety of sectors and regions to provide diversification and minimize risk, reflecting Dubai’s growth plan and strategic focus areas.
Mubadala
Mubadala manages a diverse portfolio of assets and investments in the UAE and abroad, working to generate sustainable financial returns for its shareholder, the Government of Abu Dhabi. Today, Mubadala is a $302 billion (AED 1,111 billion) business that spans six continents with interests across multiple sectors and asset classes. Headquartered in Abu Dhabi, Mubadala also has offices in London, Moscow, New York and Beijing.
Future Outlook
According to Global SWF, Abu Dhabi’s public capital is projected to reach $3.4 trillion by 2030. Combined with the growth of sovereign assets under management in the other emirates, Abu Dhabi represents a significant share of sovereign wealth fund assets in the Gulf. By 2030, SWF assets are expected to reach $7.6 trillion in the Gulf and $18 trillion globally. This growth comes as the UAE’s SWFs continue to strengthen their positions as investment institutions at home and abroad. Through strategic investments and partnerships, the UAE’s SWFs are enabling the nation to realize its broader economic vision and bolster critical industries domestically while creating opportunities for partners globally.
Sam Altman
Chief Executive Officer OpenAI
Sam Altman
Chief Executive Officer OpenAI