Kuwait's Sovereign Wealth Fund Tops $1 Trillion
Funding | Feb 05, 2025 | Zawya
Kuwait City's sovereign wealth fund, managed by the Kuwait Investment Authority, has surpassed the $1 trillion mark, now ranked the fifth largest in the world. The fund's assets, valued at $1.029 trillion, have increased from $980 billion, based on data from the Sovereign Wealth Fund Institute. The world ranking is led by Norway's sovereign fund with $1.738 trillion, followed by the China Investment Corporation with $1.32 trillion and China's sovereign fund with $1.09 trillion. The Abu Dhabi Investment Authority ranks just above Kuwait in fourth place with $1.057 trillion.
Sectors
- Sovereign Wealth Fund
- Financial Services
Geography
- Kuwait – The primary focus is the Kuwait's sovereign wealth fund managed in Kuwait City.
- Global – The article compares sovereign wealth funds globally, referencing funds from Norway, China, and Abu Dhabi.
Industry
- Sovereign Wealth Fund – The article discusses sovereign wealth funds, with a focus on Kuwait's fund ranking fifth globally in assets.
- Financial Services – As the article is about asset management and investment growth within sovereign wealth funds, it pertains to the financial services industry.
Financials
- $1 trillion – Milestone achieved by the Kuwait Investment Authority's sovereign wealth fund.
- $1.029 trillion – Current asset value of Kuwait's sovereign wealth fund.
- $980 billion – Previous level of Kuwait's sovereign wealth fund as reported by the institute.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kuwait Investment Authority | Manager of the sovereign wealth fund | Government | Kuwait Investment Authority manages the Kuwait sovereign wealth fund. |
| Sovereign Wealth Fund Institute | Data Provider | Company | Provides data and rankings for sovereign wealth funds globally. |
| Norwegian Sovereign Wealth Fund | Comparative Fund | Government | The Norwegian fund is the largest in the world by assets. |
| China Investment Corporation | Comparative Fund | Government | The second-largest sovereign wealth fund as per the article. |
| Abu Dhabi Investment Authority | Comparative Fund | Government | Ranked fourth globally, just above Kuwait's fund. |