Wednesday, Sep 30, 2009
BEIRUT (Zawya Dow Jones)--Qatar Investment Authority, or QIA, the state's sovereign wealth fund, plans to invest in the industrial and minerals sectors among others, Doha-based Al Arab daily reports Wednesday.
The QIA plans to invest in Europe's industrial sector, the paper reports, citing Hussein Al Abdullah, a board member at the sovereign wealth fund.
The United Nations Conference on Trade and Development, or UNCTAD, said in a report released last week, according to the Saudi Gazette's Tuesday's issue, that the assets of the QIA lost $27 billion of their value in 2008 to stand at $66 billion at the end of the year due to the global financial crisis.
Al Abdullah didn't comment on the size of the decline in the QIA's assets, according to Al Arab.
Newspaper Web site: www.alarab.com.qa
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2009 Dow Jones & Co.
(END) Dow Jones Newswires
30-09-09 0542GMT
