DUBAI: The Abu Dhabi Investment Authority (ADIA), by the end of September, stands at the second place in the global list of the largest sovereign wealth funds with assets amounting to $627 billion whereas Norway’s Government Pension Fund has topped the list. Total assets of 57 sovereign wealth funds around the world stood at around $5.14 trillion.
According to the latest rankings of the Washington-based Sovereign Wealth Fund Institute, the Investment Corporation of Dubai came in the 14th place worldwide with assets amounting to $70 billion.
The total value of the assets of 4 UAE sovereign wealth funds listed among the largest 20 sovereign wealth funds stood at around $810.5 billion, with International Petroleum Investment Company (IPIC) coming in the 15th place with assets totaling $65.3 billion, Mubadala Development Company in the 19th place with assets of $48.2 billion. RAK Investment Authority came in the 47th place with assets amounting to $1.2 billion.
China’s SAFE Investment Company came in the third place worldwide with assets totaling $568 billion, followed by Saudi Arabia’s SAMA Foreign Holdings in the fourth place with assets totaling $533 billion, Kuwait Investment Authority in the 6th place with assets totaling $296 billion and Qatar Investment Authority in the 12th place with assets totaling $115 billion.