2. Abu Dhabi Investment Authority
Established in 1976, the Abu Dhabi Investment Authority (ADIA) currently manages assets worth $792bn.
Being the largest SWF in the Middle East, its main source of funding comes from oil exports.
However, ADIA also holds stake in a number of other projects including a 50 per cent stake, worth $2.4bn, in three Hong Kong hotels. Earlier this month, the group invested $150m in Indian renewable energy firm, Greenko.
Similar to its Gulf neighbour Saudi Arabia, ADIA has a stake in the London’s Gatwick airport and Norwegian gas company Gassled.
The fund has extended its investments across 24 asset classes and has had a 7.4 per cent annualised rate of return in the last 20 years.