Abu Dhabi Investment Authority

Abu Dhabi Investment Authority
Company typeSovereign wealth fund
IndustryInstitutional investor
Founded21 March 1976; 48 years ago (1976-03-21)[1]
Headquarters
Abu Dhabi
,
United Arab Emirates
Key people
Tahnoun bin Zayed Al Nahyan, Chairman
Hamed bin Zayed Al Nahyan, Managing Director
AUMUS$ 993 billion[2]
OwnerGovernment of Abu Dhabi
Websitewww.adia.ae

The Abu Dhabi Investment Authority (Arabic: جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $993 billion.[3] ADIA is one of the largest sovereign wealth funds in the world.[4]

ADIA's operations have been characterized as secretive and opaque.[5][6][7]

  1. ^ "Abu Dhabi Investment Authority marks 40th anniversary". WAM. 21 March 2016. Retrieved 21 March 2023.
  2. ^ "Investment Corporation of Dubai (ICD) - Sovereign Wealth Fund, United Arab Emirates - SWFI". Sovereign Wealth Fund Institute. Retrieved 6 June 2023.
  3. ^ "Investment Corporation of Dubai (ICD) - Sovereign Wealth Fund, United Arab Emirates - SWFI". Sovereign Wealth Fund Institute. Retrieved 6 June 2023.
  4. ^ https://www.swfinstitute.org/fund-rankings/sovereign-wealth-fund Sovereign Wealth Fund Institute Retrieved 25 July 2014
  5. ^ "Gulf sovereign wealth funds among world's least transparent". Gulf sovereign wealth funds among world’s least transparent. Retrieved 13 July 2021.
  6. ^ "Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance". Bloomberg.com. 2021. Retrieved 13 July 2021.
  7. ^ Thomas, Landon Jr. (28 February 2008). "Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny". The New York Times. ISSN 0362-4331. Retrieved 13 July 2021.