Abu Dhabi wealth fund to focus on tech, climate change after COVID-19 ...Egypt

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DUBAI, Sept 8 (Reuters) – Abu Dhabi Investment Authority (ADIA), the United Arab Emirates’ biggest sovereign wealth fund, sees technology and climate change as key investment areas for its post-COVID-19 strategy, it said in its 2020 annual review. ADIA, which manages capital on behalf of the oil-rich Abu Dhabi government, does not disclose the value of its assets but the Sovereign Wealth Fund Institute, a research group, estimates them at $649 billion. As of the end of last year ADIA achieved 20-year and 30-year annualised rates of return of 6% and 7.2% respectively, compared with 4.8% and 6.6% in 2019, it said in its report, published on Wednesday. “As with any great shock to the status quo

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Last updated : 08 September 2021 clock 04:30 PM

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Abu Dhabi wealth fund to focus on tech, climate change after COVID-19 ...Egypt

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