Abu Dhabi Crowned as the World’s Wealthiest City with $1.7 Trillion in Sovereign Wealth Funds! Abu Dhabi has been officially recognized as the wealthiest city in the world, according to a recent Global SWF report. This recognition is due to the city’s sovereign wealth funds (SWFs) managing an astounding $1.7 trillion in assets.
As of October 2024, Abu Dhabi’s SWFs include major players like the Abu Dhabi Investment Authority (ADIA), Mubadala (which includes the Abu Dhabi Investment Council and Mubadala Capital), ADQ (part of Lunate), the Abu Dhabi Fund for Development, Tawazun (which also covers EDGE), and the Emirates Investment Authority. Together, they manage this vast wealth.
Abu Dhabi Crowned as the World’s Wealthiest City with $1.7 Trillion in Sovereign Wealth Funds! In comparison, Oslo, Norway, ranks second, with its Government Pension Fund managing over $1.6 trillion. Other major financial hubs, including Beijing and Singapore, Riyadh and Hong Kong, also play a significant role. These cities collectively contribute to the $12.5 trillion managed by sovereign wealth funds worldwide.
Abu Dhabi’s leadership highlights its growing influence in the global financial landscape. It demonstrates the city’s sophisticated investment strategies and commitment to sound financial planning. This recognition underscores its role as a key player in global wealth management.
This financial milestone solidifies Abu Dhabi’s position as a major force in the international economy. It showcases the city’s forward-thinking investment choices and its unmatched economic strength.
