DOHA: The Qatar Investment Authority (QIA) has announced its plans to invest something between $15bn and $20bn in Asian markets. The size of these investments is likely to go up or down depending on the market situations, Ahmed Mohamed Al Sayed (pictured), CEO, QIA announced yesterday.
Talking to reporters on the sidelines of 6th International Forum of Sovereign Wealth Funds, he made it clear the slump in oil prices will not influence QIA’s investment policies. In QIA, we have long term strategy to avoid energy market volatility.
“We are quite open globally in various sectors, and are targeting different portfolios across Asian region. Healthcare, infrastructure, real estate and retail industries are some of the sectors we are looking for. Qatar is already committed to a $10bn investment venture in China. We are interested to increase our investments in China as market opportunities demand, Al Sayed said.
On the Qatar sovereign fund’s investments in Arab countries he said QIA has already investments in the Arab region. Our subsidiaries like Qatari Diar have investments in many Arab countries. QIA’s investment strategy is not restricted to long-term horizons. The investment strategies are adopted according to market opportunities. For instance, in some markets we foresee some problems. The QIA adopts a conservative approach to these risky markets. Al Sayed expressed satisfaction with the level of profits made by the QIA. There is enough growth in our profits, he said.
Earlier, addressing the opening session of IFSW annual meet, Al Sayed noted the Qatar’s sovereign fund is operating on the basis of a very effective legal framework. The operations of the fund are aimed to diversify Qatar’s resources for the betterment of the country’s future generations. The fund is open to all kinds of partnerships and ready to promote economic developments in the markets and countries in which it chose to invest.
The Peninsula
