#GlobalSWF - Global ranking of cities in terms of capital managed by their Sovereign Wealth Funds "SWFs" (8th October) "● SWFs managed US$ 12.5 trillion in assets as of October 1, 2024, with six cities representing two-thirds of the resources, and #AbuDhabi securing the top spot as the Capital of Capital. ● In addition to financial capital, Abu Dhabi also leads when it comes to #humancapital, i.e., personnel employed by SWFs of that particular jurisdiction, with 3,107 staff among the above-mentioned funds. ● This aligns well with the flurry of financial institutions registering in ADGM’s financial-free zone – as many as 68 this year so far, according to Global SWF estimates. ● Today, Abu Dhabi SWFs are not only the most sizeable but also the most #active in the region and globally. In the first three quarters of 2024, #ADIA, #Mubadala, and #ADQ invested US$ 36 billion in deals across the world, i.e., two-thirds of what all #Gulf SWFs invested, and 26% of what all SWFs globally invested in that period." Link: https://lnkd.in/dbxEruk8
Thanks for sharing
The capital of capital! Will remember this expression…
Strategic Consultant | Business Development & Marketing Expert I Investment Attraction Advisor I Business Event I C-Level & HNWI I French speaker
2moVery interesting your Linkedin post and this new Global SWF report which will be officially presented at the ADFW on December 10, 2024. Abu Dhabi is the world’s richest city by SWFs, with US$ 1.7 trillion as of October 2024. The capital of the UAE is followed by Oslo (NBIM), Beijing (CIC), Singapore (GIC, Temasek), Riyadh (PIF) and Hong Kong (SAFE IC). These six cities represent two-thirds of SWFs globally, i.e., US$ 12.5 trillion.