Abu Dhabi to combine funds to form SWF worth $250b

Abu Dhabi to combine funds to form SWF worth $250b

The Landmark skyscraper, center, stands on the city skyline beside a waterway in Abu Dhabi, United Arab Emirates. Photographer: Alex Atack/Bloomberg

Abu Dhabi is combining two of its investment firms to create a wealth fund with assets of about $250 billion as the oil-rich emirate moves ahead with consolidation of state-controlled companies.

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