Abu Dhabi has now been named the world’s wealthiest city in terms of capital managed by Sovereign Wealth Funds (SWFs). According to a new report by data platform Global SWF, Abu Dhabi manages the most SWF capital globally: US $1.7 trillion. This figure includes the assets under the management of the Abu Dhabi Investment Authority (ADIA), Mubadala, Abu Dhabi Investment Council, ADQ, Lunate, Abu Dhabi Fund for Development, Tawazun Council, and Emirates Investment Authority. This ranking puts Abu Dhabi above Oslo, home to the world’s largest SWF, the Government Pension Fund (GPF), which manages over US $1.6 trillion in assets. Other cities in the upper tiers of this ranking include Beijing, Singapore, Riyadh, and Hong Kong. The report estimates that Abu Dhabi’s public capital will increase to US $3.4 trillion by 2030. #AbuDhabi #SWF #Capital
It's not about being the most wealthy city, it's having distributed wealth and circulation that matters, can the minimum wage in any city of the UAE be compared to New Work? No this is why valued assets especially in real estate is ripe for a downward correction. The Gap between economic classic and percentage, is to high. I suggest the UAE create more opportunities, especially for immigrants if they are at all interested in sustainability or else, the UAE will become like another NFT frenzy. #financialinsights #sustainability #letstalkbusiness
Samia Bouazza this is a testament of good governance through and through. I had my introduction to how all the above Sovereign Wealth Funds works through Angela Cummine - Citizens' Wealth Book. Which highlighted how Sovereign Wealth Funds objective is to manage the wealth for the people, and that is seen in this country through and through via the investment in its people and private investments, who will ultimately drive future productivity and growth.
This recognition of Abu Dhabi highlights its financial prowess. Sovereign wealth management is indeed a testament to robust economic strategy.
Congratulations to Abu Dhabi on this remarkable milestone! Managing $1.7 trillion in Global SWF capital reflects the city’s strategic financial management and growth. As Abu Dhabi’s assets are projected to reach $3.4 trillion by 2030, the challenge ahead will be balancing strong returns with advancing global ESG initiatives. How can these funds not only grow wealth but also lead in responsible investing? Excited to see Abu Dhabi continue setting new standards in SWF management!
Thanks for sharing!
If they have all this money why do they need SE Asians and Filipinos to do everything on slave wages? (kafala is slavery)
Had Australia implemented its mining tax in one decade they’d have been high on that list. Instead foreign corporations rip out Australian resources for free , make gigantic profits and pay little or no tax. The Australian governments are captive slave to mining and fossil fuels 🥺😢
vision and executional excellence underpin this massive feat and no sign of slowing down
What does it mean ? Is it fascination with nb 1 ? Or is it sustainable thanks for your input
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2moInsighful post and impressive :) however :) The big q: how does it impact the quality of life in Abu Dhabi? AD is one of the most expensive cities in the Gulf, inflation is rising every year, and the purchasing power is decreasing due to the peg of AED to the USD, rents ans real estate prices are mushrooming every year. AED Savings in the bank are decreasing in value every year.. Thoughts are welcome :)