The Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, is delighted to announce the opening of its office in the United States of America. The office, based in New York, will enable QIA to develop and expand its global investment portfolio, with the State of Qatar having committed to investing $35 billion in the United States of America over the next five years.
Opening an office in New York will give QIA better access to new and existing investment partners and illustrates the confident outlook QIA holds for the U.S. and the wider Americas. It also marks QIA's desire to continue its diversification, which is a key objective established by QIA's strategic review.
The decision to open an office in New York is indicative of QIA's confidence in the country's long-term economic growth and investment prospects, and allows the opportunity to strengthen partnerships with both public and private sector organizations.
With world economies, markets and currencies often moving in different cycles and rhythms, the importance of a globally diversified investment portfolio is central to QIA.
Whilst QIA remains committed to its investments in Europe, Asia and the Middle East, this next step facilitates access to significant investment opportunities, whilst enhancing education, cultural and scientific links with the U.S. and expanding QIA's global footprint.
At the opening of the New York office, HE Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, the CEO of QIA, said: "With boots on the ground, our presence in New York will anchor our interest in the region. It is the perfect location to help strengthen our existing relationships and promote new partnerships as we continue to expand geographically, diversify our assets and seek long term growth."
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About The Qatar Investment Authority (QIA)
The Qatar Investment Authority was founded by the State of Qatar in 2005 following the vision of HH Sheikh Hamad bin Khalifa Al Thani to strengthen the country's economy by diversifying into new asset classes. Building on the heritage of Qatar investments dating back more than three decades, its growing portfolio of long-term strategic investments help complement the state's huge wealth in natural resources.
Qatar's goal is to become a major international centre for finance and investment management, a vision shared by its government, people and institutions.
Headquartered in Doha, QIA is structured to operate at the very highest levels of global investing. As a world class investor, QIA adheres to the strictest financial and commercial disciplines. It has a strong track record of investing in different asset classes, including listed securities, property, alternative assets and private equity in all the major capital markets as well as the newer emerging markets.
For Further Information:
Website: www.qatarholding.qa
Enquiries: Finsbury +44 (0)20 7251 3801
David Henderson, Andrew Hughes
© Press Release 2015
