26 January 2011
A drive by the Abu Dhabi Investment Authority (Adia) to nationalise jobs is paying off, with the number of citizens working in the world's largest sovereign wealth fund peaking at 500, an official has said.
A drive by the Abu Dhabi Investment Authority (Adia) to nationalise jobs is paying off, with the number of citizens working in the world's largest sovereign wealth fund peaking at 500, an official has said.
More than 60 nationals were employed by the government-controlled Fund in 2010 alone, bringing the size of the national workforce to nearly 38 per cent of Adia's total employees of about 1,300, said Mohammed Al Hamli, who represented Adia at a job exhibition being held in the capital.
Adia, created nearly 40 years ago, is widely believed to be the largest SWF in the world, with assets of between $400 and $800 billion, concentrated in the west in equity, real estate and deposits.
© Emirates 24|7 2011
