Abu Dhabi – Mubasher: Abu Dhabi Investment Authority (ADIA) took part in concluding the biggest deals in the world during 2015, according to the Sovereign Wealth Funds (SWFI).

In a report on its website, SWFI said that the UAE authority came along with other sovereign wealth like China Investment Corporation and Qatar Investment Authority in concluding the ten largest deals in the previous year.

The deals marked ADIA purchasing 50% of three hotels in Hong Kong, Renaissance Harbour View, Hyatt Regency Tsim Sha Tsui and Grand Hyatt, for about $1 billion. In addition, the Abu Dhabi investment portfolio manager bought industrial properties worth $3.15 billion in partnership with Canadian Pension and Benefits Institute as part of its successful pursuit towards becoming one of the world’s largest landlords.

SWFI suggested that the global sovereign wealth funds’ appetite wasn’t affected by falling oil prices.

World Bank earlier estimated the assets volume of ADIA at AED 2.84 trillion, the second globally behind Norwegian Government Pension Fund.