UAE, Saudi sovereign wealth funds among world’s largest

Sovereign wealth funds (SWF) in the GCC are among the world’s largest, with the United Arab Emirates and Saudi Arabia leading the way in second and third place, respectively, just behind Norway.

The Scandinavian country’s Government Pension Fund currently holds the world’s largest sovereign wealth fund with $882 billion in assets, according to SWF Institute’s the latest rankings.

The UAE’s Abu Dhabi Investment Authority (ADIA) is estimated to hold $773 billion worth of assets.

The kingdom’s Foreign Holdings, which is controlled by the Saudi Arabian Monetary Agency (SAMA), has assets valued at $757.2 billion, followed by Kuwait Investment Authority (KIA) at $548 billion.

The ninth position was taken by Qatar Investment Authority (QIA) with assets valued at $256 billion.

Meanwhile, the Investment Corporation of Dubai (ICD) claimed the twelfth spot, as its assets increased from $105 billion to $175.2 billion in Q2-2015.