DUBAI: Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost US$136.1bil spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries.
Mubadala and its subsidiaries deployed US$29.2bil in 2024, up from US$17.5bil invested in 2023, based on a preliminary annual report from industry specialist Global SWF, which tracks the world’s sovereign investment funds.
