Exploring the Top 5 Arab Sovereign Wealth Funds

By Gamal Khattab March 14, 2024 114

Just a few days ago, Saudi Arabia made a huge move by transferring a $164 billion stake in Aramco to the Public Investment Fund (PIF). This is a big deal because the Middle East is on its way to being the only region with wealth funds worth over $3 trillion.

Rankings

The Abu Dhabi Investment Authority is the biggest state-backed investor in the region with $892 billion, followed by the Saudi Public Investment Fund with $861 billion, and then the Kuwait Investment Authority with $769 billion. The Qatar Investment Authority and the Investment Corporation of Dubai round out the top 5 Arab sovereign wealth funds.

Global Rankings

Top 3

Globally, Norway's sovereign wealth fund is the largest with $1.548 trillion, followed by the China Investment Corporation with $1.24 trillion, and the Chinese SAVIC Fund with $1.082 trillion.

Arab World Standings

In the Arab world, the Abu Dhabi Investment Authority takes the top spot, followed by the Saudi Public Investment Fund and the Kuwait Investment Authority. The Qatar Investment Authority and the Investment Corporation of Dubai also make the list.

Impressive Numbers

According to the Sovereign Wealth Funds Institute, the total assets of the top 5 sovereign funds from 4 Arab countries add up to a whopping $3.373 trillion. That's a whole lot of money!