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 US$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 US$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 US$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 US$810.5 billion, with International Petroleum Investment Company (IPIC) coming in the 15th place with assets totaling US$65.3 billion, Mubadala Development Company in the 19th place with assets of US$48.2 billion. RAK Investment Authority came in the 47th place with assets amounting to US$1.2 billion.
China's SAFE Investment Company came in the third place worldwide with assets totaling US$568 billion, followed by Saudi Arabia's SAMA Foreign Holdings in the fourth place with assets totaling US$533 billion, Kuwait Investment Authority in the 6th place with assets totaling US$296 billion and Qatar Investment Authority in the 12th place with assets totaling US$115 billion.
The Gulf Today