Qatar plans $35B in US investment over next five years
Qatar’s sovereign wealth fund plans to invest $35 billion in the U.S. over the next five years, and it’s opened a New York office to “better access new and existing investment partners.”
The Qatar Investment Authority, which controls more than $250 billion in funds, said Monday that it plans to target various sectors of the U.S. economy, though it declined to provide details on potential investments.
The Doha-based fund has deployed Qatar’s riches on assets ranging from British bank Barclays to commodities trader Glencore, with most of its investments confined to Europe so far, according to Bloomberg. In January, it led a group of investors who agreed to buy London’s Canary Wharf financial district in a deal valued at $3.94 billion. Qatar has invested in New York’s real estate market in recent years. The nation’s permanent mission acquired four apartments at Zeckendorf Development’s 50 United Nations Plaza for around $45 million earlier this year....MORE