The United Arab Emirates (UAE) has established itself as a global financial center, attracting investments from all corners of the world. Sovereign wealth funds, backed by the UAE government, play a pivotal role in the country’s economic growth. They are state-owned investment funds which comprises of money generated by governments through their surplus reserves. Sovereign wealth funds, which obtain their funds from state-affiliated sources, invest their funds into shares and bonds. These funds also help strengthen a country’s economy, with citizens benefitting from it.
1. Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority (ADIA) is not only the largest sovereign wealth fund in the UAE but also one of the largest in the world. Established in 1976, ADIA has consistently demonstrated its commitment to prudent investment strategies. It is known for its diversified portfolio, which includes investments in equities, fixed income, real estate, and infrastructure. ADIA is an ideal choice for businesses and ventures seeking substantial investment.
2. Kuwait Investment Authority
Kuwait’s sovereign wealth fund which is known as Kuwait Investment Authority (KIA) is the oldest wealth fund in the world and was first established when the Kuwait Investment Board took its form in 1953. The organisation invests in oil surplus revenues, thus reducing the country’s reliance on oil reserves.
3. Public Investment Fund
The PIF helps move the kingdom away from its reliance on oil revenues, and has invested in many projects and institutions, such as the Blackstone Infrastructure Fund, Virgin Galactic, and the Softbank Vision Fund.
4. SAMA Foreign Holdings
Established to manage the kingdom’s massive oil surpluses, and also to support the country’s budgetary needs, SAMA Foreign Holdings’ has a different investment strategy compared to its second sovereign wealth fund Public Investments Fund (PIF). The former focuses on fixed-income investments, such as sovereign debt instruments, especially US treasury bonds.
5. Qatar Investment Authority
QIA was established to develop, invest and manage the country’s reserve funds and other assets. As of mid-2022, the QIA’s portfolio was worth roughly $360 billion.
6. Investment Corporation of Dubai
The Investment Corporation of Dubai (ICD) is an integral part of Dubai’s commitment to economic diversification. ICD’s portfolio spans sectors such as real estate, finance, and technology, and it has been involved in numerous high-impact projects. Businesses with promising ventures can leverage ICD’s extensive expertise and resources.
7. Mubadala Investment Company
Mubadala Investment Company is recognized for its global investments, with a strong focus on technology and innovation. It operates across multiple sectors and offers substantial support to companies at various stages of growth. Mubadala’s commitment to diversification and sustainability aligns with businesses looking for a visionary partner.
8. Abu Dhabi Developmental Holding Company PJSC
Abu Dhabi Developmental Holding Company PJSC (ADQ) is a sovereign wealth fund located in the capital city. The current assets for ADQ is $159 billion, which has a broad portfolio of major enterprises, spanning key sectors of the emirate’s diversified economy.
9. Emirates Investment Authority (EIA)
The Emirates Investment Authority (EIA) is another formidable sovereign wealth fund in the UAE. Established by federal decree, it focuses on strategic investments in sectors like energy, infrastructure, and healthcare. EIA’s emphasis on transformative and sustainable projects makes it an attractive choice for businesses with innovative ideas.
10. Oman Investment Authority
Public Markets include global stocks, fixed-income bonds and short-term assets whereas private market includes private investments in real estate developments, logistics, service sector, mining, industrial projects, and technology.
11. Ras Al Khaimah Investment Authority (RAKIA)
The Ras Al Khaimah Investment Authority (RAKIA) focuses on enhancing the economic growth and prosperity of the emirate of Ras Al Khaimah. RAKIA plays a pivotal role in various sectors, including real estate, manufacturing, and services. For businesses considering investments in the northern emirate, RAKIA can be a valuable partner.
12. Sharjah Asset Management (SAM)
Sharjah Asset Management (SAM) is responsible for managing the assets of the government of Sharjah. With a focus on infrastructure, real estate, and capital investments, SAM is a key player in Sharjah’s economic development. Businesses operating in or expanding to Sharjah can explore investment opportunities with SAM.
13. Abu Dhabi National Oil Company (ADNOC) Investment Management
ADNOC Investment Management, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), manages investments and assets related to the energy sector. It is a significant player in the UAE’s energy landscape, making it an attractive option for businesses in this industry.
The UAE’s sovereign funds offer a wealth of opportunities for businesses seeking investment and partnerships. By choosing the right fund that aligns with your goals and values, you can access substantial resources and expertise available in the UAE’s dynamic and growing investment landscape. To know more about how to obtain a fully owned entity license in KSA, read this article.
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