The Gulf countries collectively topped the list of global sovereign funds, with the total value of the funds of the UAE, Saudi Arabia, Kuwait, and Qatar amounting to $2.6 trillion at the end of last year, while the Saudi Public Investment Fund maintained the sixth rank. According to the classification of the institution (SW Institute) that is concerned with updating and studying investment data of governments and sovereign funds in the world, the size of the China Investment Company and the Norwegian Pension Fund amounted to $ 2.4 trillion by the end of 2022, as the first reached $ 1.43 trillion and the second $ 1.13 trillion. Thus, the Norwegian has declined for the first time in years, losing 19 percent of its fortune.
The Abu Dhabi Investment Authority of the UAE ranked third, managing assets amounting to $790 billion, while the Kuwait Investment Authority Fund with assets of $750 billion ranked fourth, while the Government of Singapore Investment Company “GIC” ranked fifth in the list of funds with 690 assets billion dollars. The Saudi Public Investment Fund ranked sixth in the world, managing sovereign wealth estimated at more than $607.4 billion. The investment portfolio of the Chinese Monetary Agency in Hong Kong ranked seventh in the world, with assets under management of more than $588.9 billion.
The Singaporean Tamasek Holding Company ranked eighth with assets under management of $497 billion, while the Qatar Investment Authority ranked ninth with assets of $461 billion. The Chinese Social Security Fund, with assets of $447.4 billion, ranked tenth.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
