UAE Sovereign Achievements and Future Aspirations in Vision 2030

Authors

Ayat Salah Dakrory

 

Abstract

Sovereign funds are seen as an economic phenomenon, it was created by the majority of the oil countries, with the aim of save and invest the financial surpluses have been accumulated as a result of rising oil prices, and their utilization in several sectors either within or outside the State. The research aims to identify the sovereign funds in general by clarify the reasons for its establishment, goals, and types. In particular, with a focus on the experience of the UAE by showing the three basic Funds, Investment Corporation of Dubai, Abu Dhabi Investment Authority, and the Maubadala Development Company, and how these funds contributed to achieve economic development and income diversification in UAE.

DOI: 10.51958/AAUJBL2023V7I1P2