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아부다비투자청의 운용현황 및 투자정책과 한국의 투자 유치방안

Abu Dhabi Investment Authority’s Management and Investment Policy and Korea’s Investment Attraction Strategy

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The UAE government has been operating the sovereign wealth fund since the mid-1970s based on the increased source of surplus oil revenue. According to the Sovereign Wealth Fund Institute (SWFI), as of 2021, the UAE government is managing a total of six sovereign wealth funds (SWFI 2021). The Abu Dhabi government, which accounts for 90% of the UAE's oil revenues, has established an additional smaller sovereign wealth fund, Mubadala Investment Company together with the Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund among the GCC countries. As a result, we are managing two sovereign wealth funds. In addition to Abu Dhabi, the federal government, the Dubai government, and the Ras al-Khaima and Sharjah governments each have one sovereign wealth fund, but the size is smaller than in Abu Dhabi. Rather than analyzing all six sovereign wealth funds in the UAE, this study prioritized ADIA, the largest sovereign wealth fund in the UAE, which has recently shown great interest in Korean investment. This paper examines the history and size of the UAE sovereign wealth fund, analyzes the world's third-largest ADIA management status and investment strategy, and proposes Korea's investment attraction strategy. Data from SWFI was basically used for the size of sovereign wealth fund assets for the study.

Abstract

The UAE government has been operating the sovereign wealth fund since the mid-1970s based on the increased source of surplus oil revenue. According to the Sovereign Wealth Fund Institute (SWFI), as of 2021, the UAE government is managing a total of six sovereign wealth funds (SWFI 2021). The Abu Dhabi government, which accounts for 90% of the UAE's oil revenues, has established an additional smaller sovereign wealth fund, Mubadala Investment Company together with the Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund among the GCC countries. As a result, we are managing two sovereign wealth funds. In addition to Abu Dhabi, the federal government, the Dubai government, and the Ras al-Khaima and Sharjah governments each have one sovereign wealth fund, but the size is smaller than in Abu Dhabi. Rather than analyzing all six sovereign wealth funds in the UAE, this study prioritized ADIA, the largest sovereign wealth fund in the UAE, which has recently shown great interest in Korean investment. This paper examines the history and size of the UAE sovereign wealth fund, analyzes the world's third-largest ADIA management status and investment strategy, and proposes Korea's investment attraction strategy. Data from SWFI was basically used for the size of sovereign wealth fund assets for the study.

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