DrZaharuddin Group

Abu Dhabi has officially become the richest city in the world in terms of capital managed, holding US$ 1.7 trillion as of October 2024. This remarkable figure is derived from the assets managed by several key sovereign wealth funds (SWFs) such as Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, the Abu Dhabi Development Fund (ADFD), Tawazun Council, and the Emirates Investment Authority.

The city’s dominance is highlighted by its surpassing of other global financial hubs like Oslo, Beijing, Singapore, Riyadh, and Hong Kong. The capital managed by Abu Dhabi’s SWFs does not include the additional US$ 344 billion overseen by the Royal Private Offices, which operate separately.

According to Global SWF, Abu Dhabi’s public capital is projected to double and reach US$ 3.4 trillion by 2030.

The reported USD 103 billion for Malaysia’s sovereign fund is incorrect; it should be around USD 340 billion.

www.elzarshariah.com

www.tgoop.com/DrZaharuddinGroup/4418

7.9K viewsedited  Oct 8 at 23:46

Abu Dhabi has officially become the richest city in the world in terms of capital managed, holding US$ 1.7 trillion as of October 2024. This remarkable figure is derived from the assets managed by several key sovereign wealth funds (SWFs) such as Abu Dhabi Investment Authority (ADIA), Mubadala, ADQ, the Abu Dhabi Development Fund (ADFD), Tawazun Council, and the Emirates Investment Authority.

The city’s dominance is highlighted by its surpassing of other global financial hubs like Oslo, Beijing, Singapore, Riyadh, and Hong Kong. The capital managed by Abu Dhabi’s SWFs does not include the additional US$ 344 billion overseen by the Royal Private Offices, which operate separately.

According to Global SWF, Abu Dhabi’s public capital is projected to double and reach US$ 3.4 trillion by 2030.

The reported USD 103 billion for Malaysia’s sovereign fund is incorrect; it should be around USD 340 billion.

www.elzarshariah.com

BY DrZaharuddin Group