Dubai may be the most popular emirate but Abu Dhabi is where the real money is. Despite its small size, Abu Dhabi makes up over half of United Arab Emirates’ (UAE) GDP and has more in cash and energy reserves than most large countries.
The emirate’s sovereign wealth fund, the Abu Dhabi Investment Authority, is conservatively estimated to hold between $350 B and $700 B in assets including huge stakes in Barclays, Citigroup, and real estate in top global investment destinations.
Abu Dhabi holds nearly 10% of all the world’s known oil reserves (5th largest), and produces 90% of all oil within the UAE. With the world’s sixth largest natural gas reserves, the emirate is also wealthy in non-oil assets.
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