Question

In terms of sovereign wealth funds which of the following cities has been declared as the world’s richest city?

A Abu Dhabi Correct Answer Incorrect Answer
B Dubai Correct Answer Incorrect Answer
C New York Correct Answer Incorrect Answer
D Venice Correct Answer Incorrect Answer

Solution

The city Abu Dhabi has been marked as the world’s richest city with an estimated $1.7 trillion. This wealth is basically the discovery and production of oil as the city holds 95% of the UAE’s oil reserves. Abu Dhabi surpassed other cities like Oslo, Beijing, Singapore and Hong kong.

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