Qatar Fund Sees US Outlays Doubling After $500 Billion Pledge

Qatar Fund Sees US Outlays Doubling After $500 Billion Pledge

Qatar’s wealth fund is set to see its annual outlays into the US double in coming years on the back of a $500 billion investment pledge.

Qatar to double US investments

QIA pledges $500bn over decade Stakes in 90 US companies Fund to buy ‘more than double’ Qatar’s $526 billion sovereign wealth fund intends to more than double the value of its investments in the US, CEO Mohammed Al-Sowaidi said this week. At a conference in the Qatari capital, Doha, Al Sowaidi said the Qatar Investment Authority (QIA) will be “probably buying more than double what we’ve been doing for the past five to six years,” Bloomberg and R…

Qatari fund plans $500 billion investment in the US over next decade

During his first 15 years at the Qatar Investment Authority (QIA), Mohamed Al Sovaidi helped establish its presence in the US and uncover opportunities. Now, as head of the state-owned entity worth $524 billion, he has pledged to invest an amount nearly equal to the fund's current size as part of the Gulf nation's major commitment, Bloomberg reports. QIA plans to invest an additional 500 billion dollars in the US over the next decade, Al Sovaidi…