And he wrote Sheikh Tahnoun bin Zayed Al Nahyan On his Twitter account: “In the presence of Sheikh Mansour bin Zayed Al Nahyan and Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, I chaired the meeting of the Board of Directors of the Abu Dhabi Investment Authority, during which we discussed performance reports for the first half of the year 2024, in addition to market developments and the agency’s future plans.”
He added: “Strong performance of the device Abu Dhabi Investment Supported by high returns, the continued growth of its portfolio, the diversification of its investment strategies, and its increasing focus on promising sectors such as technology and private equity.”
The meeting was attended by Khalil Muhammad Sharif Fouladi and Jassim Muhammad Bu Ataba Al Zaabi, members of the Council, and Mr. Musabah Khamis Al Mazrouei, rapporteur.
The meeting included a discussion of the topics on the agenda, including the Abu Dhabi Investment Authority’s performance reports and the agency’s future plans, in addition to discussing market conditions.
The Council praised the continuing rise in returns and the continuous growth of the agency’s portfolio, the diversification of its investment strategies, in addition to increasing its presence in promising sectors such as technology and private equity.
The Abu Dhabi Investment Authority was established in 1976 as a global investment institution with diversified assets that invests financial resources on behalf of the Government of Abu Dhabi through a rigorous methodology and through a strategy focused on achieving long-term returns.
It is worth noting that the Emirate of Abu Dhabi has topped the world’s cities, in a new global classification of cities according to the capital managed by its sovereign wealth funds, issued today, Tuesday, by the Global SWF Foundation.
The results showed that the capital of the UAE, Abu Dhabi, is the leading city in managing most of the capital of sovereign wealth funds in the world, thanks to assets worth $1.7 trillion managed by various sovereign wealth funds based in the capital of the UAE.
These bodies include the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company (MIC), Abu Dhabi Development Holding Company (ADQ), and the Emirates Investment Authority (EIA).
Abu Dhabi now ranks slightly higher than Oslo, home to the world’s largest sovereign wealth fund, the government pension fund, which manages more than $1.6 trillion in assets, according to Global SWF.
Over the past few decades, Abu Dhabi has built a strong portfolio of institutional investors, who are among the largest and most active deal makers in the world.
In addition to its sovereign wealth funds, the Emirate of Abu Dhabi is home to many other asset owners, including central banks, pension funds, and family offices linked to members of the ruling family.
In total, Abu Dhabi’s public capital is estimated at $2.3 trillion and is expected to reach $3.4 trillion by 2030, according to Global SWF estimates.
Abu Dhabi, often referred to as the “Capital of Capital,” also leads when it comes to human capital, i.e. the number of employees employed by sovereign wealth funds in that region, with 3,107 employees working for funds based in the city.
