The Emirates Investment Authority (EIA) is the federal sovereign wealth fund of the United Arab Emirates. Established in 2007, the EIA was created to manage the UAE's surplus financial resources, invest in diversified asset classes, and maximize long-term returns while minimizing risk.
The EIA's primary objectives are:
- To provide a stable source of income for future generations and to support the UAE's economic vision.
- To diversify the UAE's economy by investing in various asset classes, sectors, and geographies.
- To help manage the UAE's wealth for the long-term benefit of its citizens and future generations.
The EIA is mandated to invest in various financial instruments, including equities, fixed income, alternative investments, real estate, and other strategic sectors, both domestically and internationally. The investment strategy focuses on generating long-term, risk-adjusted returns while maintaining a well-diversified portfolio.
As a federal entity, the EIA is governed by a Board of Directors, which includes members from the UAE's federal government, the Central Bank, and the Ministry of Finance. The Board is responsible for setting the overall strategic direction, overseeing investment policies and risk management, and ensuring that the EIA operates in line with its mandate and the UAE's broader economic objectives.
The EIA is known for its prudent and disciplined investment approach, which emphasizes rigorous due diligence, strong corporate governance, and a commitment to environmental, social, and governance (ESG) principles. This approach has allowed the EIA to build a robust and diversified portfolio that can generate sustainable returns and contribute to the UAE's long-term economic development.
While the EIA's specific investments and assets under management are not publicly disclosed, the fund is believed to hold significant stakes in various sectors, including telecommunications, financial services, and energy. The EIA's role as a strategic investor allows it to support the growth of key industries in the UAE and contribute to the country's ongoing economic diversification efforts.