Qatar Launches Wealth-Fund Division for Domestic Investments
12 Articles
12 Articles
Qatar is creating a new domestic investment platform to manage its sovereign wealth fund's domestic portfolio as the country grapples with the severe economic fallout from the US-Iran war, Bloomberg reported.
Qatar, which has grown its national wealth through overseas asset investments, has decided to strengthen investment in its domestic companies and industries. The Qatar Investment Authority (QIA), a sovereign wealth fund worth $580 billion (approximately 800 trillion won), has launched an organization dedicated to domestic investment. As the vulnerability of its energy-dependent economy has increased due to difficulties in exporting liquefied nat…
The Qatari Government has announced that it is in the process of introducing new partnerships with major institutions, with a view to promoting investment and diversifying the sources of income in the country...
The Minister of Trade and Industry of Qatar stressed that diversification of sources of income and strengthening of domestic production were a long-term strategy for responding to crises, noting the continuing investments in the State.
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