Abu Dhabi is the world richest city, with $1.7 trillion in sovereign wealth fund assets
Global SWF report highlights Abu Dhabi's $1.7 trillion in assets, surpassing Oslo's $1.6 trillion
Abu Dhabi Declared the World’s Richest City by Sovereign Wealth Fund Capital
Abu Dhabi has been named the richest city in the world in terms of capital managed by sovereign wealth funds (SWF), Global SWF said in a new report.
The various SWFs headquartered in the UAE capital managed assets worth $1.7 trillion as of October 2024.
This figure includes the assets of Abu Dhabi Investment Authority (ADIA), Mubadala (including Abu Dhabi Investment Council and Mubadala Capital), ADQ (including part of Lunet), Abu Dhabi Fund for Development, Tawasun (including ADGE) and Emirates Investment Authority. .
Oslo is second, with the Government Pension Fund (GPF) managing $1.6 trillion in assets.
The research also highlights Riyadh (Public Investment Fund), Beijing (China Investment Corporation), Singapore (GIC Private and Temasek Holdings), and Hong Kong (SAFE Investment Corporation) as important cities.
These six cities represent two-thirds of the capital managed by SWFs globally on October 1, 2024, or $12.5 trillion
According to the research, Abu Dhabi also has the highest human capital, or the total number of workers employed by SWFs in that jurisdiction, with 3,107 employees.
