International Petroleum Investment Company (IPIC)

The International Petroleum Investment Company (IPIC) is a sovereign wealth fund established by Abu Dhabi, United Arab Emirates, to manage and invest the country's oil wealth. It invests in energy projects and companies worldwide to generate long-term financial returns, helping diversify Abu Dhabi’s economy beyond oil. IPIC’s investments include oil and gas assets, as well as other industries like utilities and real estate. It aims to secure and grow Abu Dhabi’s wealth for future generations, maintaining strategic partnerships with global firms. Overall, IPIC functions as a key vehicle for Abu Dhabi’s economic diversification and sustainable development.