The Abu Dhabi Wealth Fund, known as ADQ, is rapidly expanding its portfolio, which has more than doubled in value over the past four years. Currently, the fund boasts assets totaling around $250 billion, including investments in high-profile entities such as the auction house Sotheby’s and the flagship airline of the Emirates. In a recent interview, ADQ’s strategic direction was highlighted as focusing heavily on critical infrastructure and supply chains.

ADQ, which was established in 2018, has positioned itself as a significant player in the sovereign wealth fund landscape of Abu Dhabi. The fund has received numerous assets transferred to it, allowing it to act as a strategic holding company. According to Nicholas Percy of Bloomberg, the fund’s strategy is to address vulnerabilities in the economy, particularly in areas such as food security, which became evident during the pandemic.

The wealth fund’s domestic focus is notable, with statistics indicating that 25% of the non-oil economy in Abu Dhabi is under ADQ’s management. Over time, however, ADQ has also made strides into international investments, including significant stakes in companies like Louis Dreyfus and a $35 billion investment in Egypt. The CEO of ADQ, who also serves as the UAE Minister of Investment, reflects the strategic priorities of the fund, emphasizing its role in addressing economic weaknesses and enhancing the UAE’s global investment presence.