The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Emirate of Abu Dhabi (in United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi.
ADIA has never published how much it has in assets but estimates have been between $300 billion to approximately $875 billion USD. The Sovereign Wealth Fund Institute puts the figure at US$627 billion.
Read more about Abu Dhabi Investment Authority: History, Investments, Current Board of Directors
Famous quotes containing the words investment and/or authority:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“See, I have given you authority to tread on snakes and scorpions, and over all the power of the enemy; and nothing will hurt you. Nevertheless, do not rejoice at this, that the spirits submit to you, but rejoice that your names are written in heaven.”
—Bible: New Testament, Luke 10:19,20.