The Emirates Investment Authority (EIA) is the only
sovereign wealth fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as ...
of the federal government of the United Arab Emirates.
It was established in 2007, the EIA has actively sought unique investment opportunities locally, regionally and internationally, focussing on investing in asset classes considered to help strengthen and diversify the UAE economy.
Investments
The EIA made two investments when it acquired major holdings in two Middle Eastern and North African telecommunications companies, Etisalat and
du.
Further investments are known to have been made in
Gulf International Bank
Gulf International Bank (GIB) was established in 1976 during the first oil boom and is incorporated in the Kingdom of Bahrain as a conventional wholesale bank. It is licensed by the Central Bank of Bahrain and is headquartered in Manama in Bahr ...
in Bahrain, the
United Arab Shipping Company
Hapag-Lloyd AG is a German international shipping and container transportation company. Hapag-Lloyd was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and North German Lloyd.
History
The company was formed on September 1, 1 ...
, and the Gulf Investment Corporation. In total, the EIA has acquired over 30 stakes in corporations across the GCC.
Board Members
Sheikh
Mansour bin Zayed Al Nahyan
Mansour bin Zayed bin Sultan Al Nahyan ( ar, منصور بن زايد بن سلطان آل نهيان; born 21 November 1970), often referred to as Sheikh Mansour, is an Emirati politician who is the deputy prime minister of the United Arab ...
, Deputy Prime Minister and Minister of Presidential Affairs
* Mohammad Abdulla Al Gergawi – Deputy Chairman and Minister of Cabinet Affairs
* Sultan Bin Saeed Al Mansouri – Member and Minister of Economy
* Obaid Humaid Al Tayer – Member and Minister of State for Financial Affairs
* Abdul Hamid Mohammed Saeed – Member and Managing Director of First Gulf Bank
* Eissa Mohamed Al Suwaidi – Member and Executive Director of the Abu Dhabi Investment Council
* Kaltham Hamad Balabad Al Ghafli - Investment Manager in the External Equities Department in Abu Dhabi Investment Authority
References
External links
Official website
{{authority control
Finance in the United Arab Emirates
Investment promotion agencies
Government agencies of the United Arab Emirates