The sovereign wealth fund is a state-owned investment fund comprised of the money generated by the government, often derived from a country's surplus reserves. SWFs provide a benefit for a country's economy and its citizens.
Nowadays there are four Arabs sovereign funds that are among the top 10 sovereign funds in the world, which are the Abu Dhabi Investment Authority Fund in third place globally, Kuwait General Investment Authority Fund in fourth place, Saudi Public Investment Fund eighth in the world, and Dubai Government Investment Corporation Fund ranked tenth in the world.
The Saudi Public Investment Fund advanced one place in the new ranking, to being eighth in the world, despite its total assets stabilizing at $ 360 billion.
The Investment Corporation of Dubai Fund joined the top ten list by ranking 10th globally, with total assets of $ 305.2 billion.
The Norwegian Government Pension Fund maintained its global lead by managing $ 1.18 trillion in assets, followed by the China Investment Corporation (CIC) Fund with assets of $ 940.6 billion.
Chinese sovereign fund SAFE Investment, which was ranked seventh out of the list, came out with total assets of $ 417.8 billion.
The 10 largest sovereign funds in the world by assets
1- The Norwegian State Pension Fund
Assets: $ 1.18 trillion
Foundation Date: 1990
2- China Investment Corporation (CIC)
Assets: $ 940.6 billion
Foundation Date: 2007
3- Abu Dhabi Investment Authority (ADIA)
Assets: $ 579.6 billion
Foundation Date: 1976
4- Kuwait General Investment Authority
Assets: $ 533.6 billion
Foundation Date: 1953
5- Hong Kong Monetary Authority investment portfolio
Assets: $ 528 billion
Foundation Date: 1935
Country: China - Hong Kong
6- Government of Singapore Investment Corporation (GIC)
Assets: $ 453.2 billion
Foundation Date: 1981
7- Tamasek Holding
Assets: $ 375.4 billion
Foundation Date: 1974
8- Saudi Public Investment Fund (PIF)
Assets: $ 360 billion
Foundation Date: 1971
Country: Saudi Arabia
9- The National Council of the Social Security Fund
Assets: $ 325 billion
Foundation Date: 2000
10- Investment Corporation of Dubai
Assets: $ 305.2 billion
Foundation Date: 2006