‘Iso­lated’ Qatar to raise in­vest­ments in US to $45bn

The Mercury - - BRWORLD - ERIC KNECHT

QATAR In­vest­ment Au­thor­ity (QIA) aims to raise in­vest­ments in the US to $45 bil­lion (R621bn) in the next two years as it re­bal­ances its port­fo­lio of as­sets away from Europe, its chief ex­ec­u­tive said yes­ter­day.

The sov­er­eign wealth fund has built up a huge Euro­pean port­fo­lio in com­pa­nies such as Deutsche Bank, Credit Suisse, Lon­don Stock Ex­change and Volk­swa­gen.

QIA cur­rently has about $30bn in­vested in the US, Man­sour Ibrahim al-Mah­moud said at a con­fer­ence.

“We are talk­ing about $45bn for the US mar­ket. We are on track for this over the next two years,” he said.

Mah­moud’s pre­de­ces­sor Sheikh Ab­dul­lah bin Mo­hamed bin Saud al-Thani in 2015 com­mit­ted to in­vest $45bn in the US over a five-year pe­riod.

“Our ob­jec­tive is to bal­ance our port­fo­lio. Cur­rently we have a lit­tle bit of con­cen­tra­tion in Europe and hav­ing this al­lo­ca­tion to­ward the US mar­ket is to bal­ance the port­fo­lio,” he said.

In the US, QIA was look­ing at fun­da­men­tal sec­tors such as real es­tate, tech­nol­ogy or US ex­changes, he said.

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