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Published on 10/09/2024

Abu Dhabi Leads Global Sovereign Wealth Fund Management with $1.7 Trillion

Abu Dhabi Surpasses Oslo as Top City for Sovereign Wealth Fund Management

Abu Dhabi has claimed the top spot in global sovereign wealth fund management overseeing $1.7 trillion in assets as of October 2024. This impressive total includes funds managed by the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, Abu Dhabi Developmental Holding Company (ADQ) and the Emirates Investment Authority (EIA).

Surpassing Oslo which manages the world’s largest sovereign fund at over $1.6 trillion, Abu Dhabi is now joined by other major financial hubs like Beijing, Singapore, Riyadh and Hong Kong. These six cities account for two-thirds of the world’s $12.5 trillion in sovereign wealth fund capital.

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In the first three quarters of 2024, Abu Dhabi's sovereign funds invested $36 billion globally representing two-thirds of total Gulf investments and 26% of worldwide sovereign fund investments.

Global SWF estimates that Abu Dhabi’s public capital will rise from $2.3 trillion today to $3.4 trillion by 2030. The emirate known as the Capital of Capital also boasts a strong workforce with 3,107 personnel dedicated to managing these funds.