Abu Dhabi has been ranked the richest city globally in terms of sovereign wealth fund (SWF) assets, according to a report by Global SWF. The city manages an impressive $1.7 trillion in assets through its various SWFs, including the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company (MIC), and Abu Dhabi Developmental Holding Company (ADQ).
Abu Dhabi surpasses Oslo, home to the Government Pension Fund, which manages over $1.6 trillion in assets. Other major financial hubs following Abu Dhabi and Oslo include Beijing, Singapore, Riyadh, and Hong Kong.
These six cities together account for two-thirds of global SWF-managed capital, representing $12.5 trillion as of October 2024.
Also read: Islamabad Ranked 2nd Most Beautiful Capital City Worldwide, After London
In addition to SWFs, Abu Dhabi is home to central banks, pension funds, and family offices linked to the Royal Family, making the city’s public capital reach $2.3 trillion. It is projected to grow to $3.4 trillion by 2030, solidifying Abu Dhabi’s position as a global financial powerhouse.
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