UAE’s sovereign assets to hit $785.6bln in 2018 – IIF | ZAWYA MENA Edition

UAE’s sovereign assets to hit $785.6bln in 2018 – IIF | ZAWYA MENA Edition:

Assets of the UAE’s foreign sovereign wealth funds are expected to increase by 8.3% to $785.6 billion in 2018 from $725.4 billion, the Institute for International Finance (IIF) said in a report

The report projected that the GCC nation’s foreign sovereign assets to total $ 807.5 billion (AED 2.96 trillion) in 2019.

For its part, the World Bank also has forecasted that the UAE’s economy will grow at a robust pace this year to hit 2% increase, 3% in 2019 and 3.2% by 2022.