The UAE ranked second in the world in total assets under management through sovereign investment funds, until the end of 2021, while the country topped the rankings at the level of the countries of the Middle East and North Africa.
A study issued by the "Change Governance Center" of the Spanish University of "IE", entitled "Sovereign Investment Funds 2021", stated that the total assets under management of wealth funds Sovereignty in the UAE until the end of last year amounted to 1.643 trillion dollars.
China was at the fore, whose total assets owned by its sovereign investment funds amounted to $2.467 trillion, according to the Emirati newspaper Al Bayan.
Norway came in third place with total assets of $1.298 trillion, Singapore ranked fourth with total assets of $1.104 trillion, and Saudi Arabia ranked fifth with total assets of 954.74 billion dollars.
According to the data in the study, the UAE accounted for five sovereign investment funds among the 30 largest sovereign investment funds in the world in terms of the total volume of assets owned by each fund until the end of 2021 The state also accounted for seven funds among the 30 largest funds until the end of last year.
The Abu Dhabi Investment Authority (ADIA) came in third place, with total assets of $829 billion. The Government Investment Corporation of Dubai won the 12th place, with total assets of $302.16 billion.
Mubadala Investment Company "Mubadala" came in 14th place with total assets of $243.35 billion. Two Emirati funds came in the 18th and 19th places, respectively: the Abu Dhabi Development Holding Company (ADQ) with total assets of $110 billion, and the Emirates Investment Authority, with total assets of $86 billion.
Dubai World ranked 28, with total assets of $37.34 billion, and Dubai Holding ranked 30th with total assets of $35.39 billion.
