UAE’s ADIA fund to keep technology among key investment themes
The sovereign wealth fund Abu Dhabi Investment Authority (ADIA) in Abu Dhabi, UAE, plans to continue investing in opportunities related to artificial intelligence. The fund said it would diversify investments across sectors to reduce the risks of excessive concentration amid geopolitical factors, market volatility and uncertainty in the global economy.
This is stated in ADIA’s 2025 annual report, The National reports. At the end of 2025, the fund’s 20-year annualized return was 6.6%, while its 30-year annualized return was 7.2%. A year earlier, these figures stood at 6.3% and 7.1%, respectively.
Investments in AI and infrastructure
ADIA noted that the development of artificial intelligence has prompted significant capital investment in infrastructure. This includes, in particular, the construction of data centers, the development of electricity transmission systems and the expansion of semiconductor manufacturing capacity.
ADIA Managing Director Sheikh Hamed bin Zayed said that the economic benefits of technological development, which had previously been concentrated mainly in the technology sector, are spreading to a broader industrial sector. According to him, as this cycle develops, traditional industries may gain new opportunities by using technological tools to increase productivity.
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At the same time, the fund indicated that the rapid adoption of new technologies could create risks for companies across various sectors. ADIA believes that achieving investment goals in such conditions will depend less on forecasting outcomes than on dynamic and diversified capital allocation.
Portfolio structure
ADIA invests on behalf of the Abu Dhabi government in equities, bonds, infrastructure projects, private equity and real estate. According to consulting firm Global SWF, the fund’s assets amount to $1.1 trillion, although ADIA itself does not disclose the size of its assets.
In 2025, 63% of the portfolio was managed by ADIA’s internal teams, while 37% was managed by external managers. Developed market equities accounted for the largest share, at 32% to 42%. Emerging market equities accounted for 15–17% of the portfolio, private equity for 15–20%, and real estate for 2–7%.
The largest share of the fund’s geographical allocation was in North America, at 45–60%. Europe accounted for 15–30%, emerging markets for 10–20%, and developed Asian markets for 5–10%.
