As a custodian of the Federal assets of the United Arab Emirates, the EIA is mandated to strategically invest funds allocated by the Federal Government to create long-term value for the UAE and contribute to the future prosperity of the country. In a short span of time, the EIA has uniquely positioned itself to become an invaluable partner for significant world-class investment opportunities locally, regionally and internationally.
The Emirates Investment Authority (EIA), an authority owned by the Federal Government, was established through Federal Decree Law No. 4 of 2007 as amended by Federal Decree Law No. 13 of 2009.
Its primary directive is to manage the sovereign wealth of the UAE by investing in a diversified portfolio of assets in key economic sectors and industries with the aim of delivering sustained financial gains for the UAE.
Emirates Investment Authority (EIA) is the only Sovereign Wealth Fund of the Federal Government of the United Arab Emirates. Established in 2007, the EIA has actively sought unique investment opportunities locally, regionally and internationally, focusing on investing in asset classes that will help strengthen and diversify the UAE economy.
Gains Strategic Assets: Al Masraf, Emirates Post and Emirates Transport
The solid performance of our initial portfolio as well as the rapid development of our investment platform and capability meant we were quickly entrusted by the Federal Government with further assets to manage and invest on behalf of the nation. In 2013 and 2014 we were entrusted with the custody of three additional strategic assets – Emirates Post, Emirates Transport and Al Masraf bank. We also significantly expanded the international scope and reach of our investment portfolio and further developed our internal guidelines, operations, institutional functions and architecture.
Establishment of Investment Process and Portfolio Management
We quickly established a formal, three-stage investment process consisting of: rigorous pre-screening and initial due diligence; followed by Investment Committee review and debate; and final investment decision-making from our Executive Committee. Our investment portfolio approach was broken down into two distinct and focused investment groups: Strategic Assets and Asset Management groups: Strategic Assets and Asset Management.
Begins to serve as advisor to Cabinet on key assets and corporate governance
With the initial core team and governance framework in place, we were then entrusted with the custody, management and development of strategic federal assets such as Emirates Integrated Telecommunications Company (du) and Emirates Telecommunications Corporation (Etisalat).
Governance structures in place- kick starts reputation as standard-bearer for good governance
We first developed an effective corporate governance framework with a strong board of directors and an active Executive Committee which reflected the unique nature of our mandate. This enabled us to assume the dual roles of a trusted advisor to the Federal Government as well as a highly efficient and capable investment manager of the UAE’s sovereign wealth.
Core Team in place
We searched for and recruited the very best people in order to drive the rapid formation and development of our fledgling investment organization. Our initial core team demonstrated a mixture of international and local investment management skills as well as in-depth industry experience and expertise.
Decree establishes the EIA as sole Federal investment vehicle
The EIA was established in 2007 through Federal Decree Law No. 4 of 2007 and amended by Federal Decree Law No. 13 of 2009.
EIA invests into a globally diversified investment portfolio. This includes both developed and emerging markets, EIA has investments in the Americas, Europe, Asia and the Middle East.
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