QIA to raise US investments to $45m

Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), is looking to bolster its US portfolio and increase its assets to $45 billion in the next two years.

As part of a rebalancing of its global investments, the QIA will reduce its European holdings which include sizeable stakes in the likes of Deutsche Bank, Credit Suisse and the London Stock Exchange as well as a number of trophy hotels.

According to chief executive Mansour Ibrahim al-Mahmoud, the QIA has so far committed $30 billion to US investments.

Future investments will focus on fundamental sectors including real estate, technology and bourses, said al-Mahmoud.

His comments were made during the visit of US secretary of state Mike Pompeo who was on a tour of the region.

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