Abu Dhabi's Expanding Global Influence

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00:00Deep pools of wealth is giving Abu Dhabi unprecedented sway over global finance, energy and AI.

00:06With three sovereign wealth funds and a raft of new entities pouring billions into strategic industries,

00:12the emirate is becoming a dominant investing force.

00:15For more, Bloomberg's Alex Duller joins us now and is one of the authors of the Bloomberg Big Take.

00:21Alex, thanks for being with us.

00:22So what's driving this rapid expansion of Abu Dhabi's global financial influence?

00:30Yeah, thanks for having me on, Jennifer.

00:33Yes, it's a really interesting time for Abu Dhabi.

00:36Collectively, Abu Dhabi kind of controls almost $2 trillion of sovereign assets.

00:42And a lot of that money is being plowed into various different sectors, especially into AI and infrastructure.

00:50And Abu Dhabi is super ambitious in trying to go after some of the biggest deals and some of the most exciting parts of finance at the moment.

00:58So we're at Abu Dhabi Finance Week, and there's certainly a lot happening and a lot of announcements coming through.

01:05Well, and we've already seen some of those announcements coming out.

01:08Can you talk about where Abu Dhabi is maybe focused on deploying capital at this present moment,

01:14and maybe where things are heading?

01:16Yeah, for sure.

01:20So Abu Dhabi has many sovereign wealth funds.

01:23It has three main sovereign wealth funds.

01:25One is Adia, the $1 trillion investing entity.

01:31And then we also have Nubadala and also ADQ.

01:36But then also, Abu Dhabi has now ventured into various sector-specific sovereign wealth funds.

01:41So we have XRG focused on energy.

01:44We have MGX focused on AI.

01:47So Abu Dhabi is plowing money into very specific sectors and is being super ambitious.

01:52So we tracked a lot of the deals going on over the past few years.

01:57And AI has become one of the big focuses of Abu Dhabi, and it really wants to be a leader in that field.