The UAE’s state-owned investors (SOIs) have $2.931 trillion (Dh10.75 trillion) in assets under management, making the country the fourth-richest in the world, according to the 2026 Annual Report released by Global SWF on Thursday. The state-owned companies in the US lead globally with $13.2 trillion assets under management, followed by China ($8.22 trillion), Japan ($3.84 trillion), the UAE ($2.93 trillion), and Norway ($2.27 trillion). The SOIs include sovereign wealth funds, public pension funds, and central banks. The UAE’s largest state-owned institutions with largest assets under management are Abu Dhabi Investment Authority with $1.18 trillion, Investment Corporation of Dubai ($429 billion), Mubadala ($358 billion), ADQ ($251 billion), Emirates Investment Authority ($116 billion), Dubai Investment Fund ($80 billion) and Dubai Holding ($72 billion). In October 2024, Abu Dhabi was named the richest city in the world by the Global SWF’s First City Ranking, overtaking Oslo. Abu Dhabi had $1.7 trillion in assets managed by its various SWFs headquartered in the city; therefore, the city was named ‘Capital of the Capital’. Importantly, the UAE was also the fifth-largest recipient of sovereign funds in 2025, receiving $9.9 billion, up from $7.9 billion in 2024. The US was the top recipient ($131.8 billion), followed by […]