The Abu Dhabi Investment Authority has advanced to the third place in the list of the largest sovereign funds within the latest classification of the (SWF Institute), which is specialized in studying the investments of governments and sovereign funds.

The assets of the Abu Dhabi Investment Authority increased by $10.89 billion, reaching $708.75 billion last June, compared to $697.86 billion in April 2022.

The Investment Corporation of Dubai came in 11th place.

The Norwegian State Pension Fund ranked first as the largest sovereign fund in the world, with assets of $1,338.2 billion.

The total assets of sovereign wealth funds in the world amounted to about 10.21 trillion dollars, compared to 9.99 trillion dollars in April 2022.