Abu Dhabi tops sovereign wealth league, ahead of S'pore
The Straits Times|October 10, 2024
Abu Dhabi has claimed the top spot in a new global ranking of cities based on the capital managed by their sovereign wealth funds, with US$1.7 trillion (S$2.2 trillion) in assets as at October.
Abu Dhabi tops sovereign wealth league, ahead of S'pore

This positions the United Arab Emirates' capital as the largest hub for sovereign fund capital, according to a report released by Global SWF on Oct 8.

The ranking-which for the first time assesses sovereign fund assets at the city level places Abu Dhabi ahead of Oslo, Beijing and Singapore.

Singapore, home to GIC and investment company Temasek, ranks fourth, managing over US$1.1 trillion in such assets. The Singapore Government does not publicly disclose the full size of its reserves managed by GIC.

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