Mubadala Investment Company in Abu Dhabi surpassed Saudi Arabia's PIF as the world's top sovereign wealth fund in 2024.

Abu Dhabi's Mubadala Investment Company surpassed Saudi Arabia's Public Investment Fund to become the world's top spending sovereign wealth fund in 2024, investing $29.2 billion, up from $17.5 billion in 2023. Meanwhile, Saudi's PIF reduced its spending by 37% to $19.9 billion. Overall, sovereign wealth funds' assets reached a record $13 trillion, with Gulf countries leading the surge in investments.

3 months ago
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