| According to the Sovereign Wealth Fund (SWF) Institute, GCC-primarily based SWFs have a total of $two.six trillion (Dh9.54 trillion) in assets — about 37 per cent of total SWF assets worldwide. Close to 80 per cent of SWF assets in GCC states are accounted for by three main players — the Abu Dhabi Investment Authority with $773 billion, foreign holdings at the Saudi Arabia Monetary Authority (SAMA) at $757 billion and the Kuwait Investment Authority with $548 billion.
By assets, Adia and Sama are the second and third biggest SWFs globally. The UAE has seven big SWFs in total: four in Abu Dhabi, 1 each in Dubai and Ras Al Khaimah, although the last is a federal fund. By quantity of funds, this is more than any other nation in the GCC and globally, second only to the US which has numerous smaller sized-sized state-level SWFs...............................................Full Article: Source
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