Qatar Establishes Doha Investment to Strengthen Domestic Economy
The investment plans come as Qatar manages the economic impact of the regional conflict and disruption to its liquefied natural gas exports.
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.
Qatar is establishing a dedicated investment platform to manage and grow the domestic portfolio of the Qatar Investment Authority (QIA), Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced.
The platform, called Doha Investment, will focus on long-term value creation and increasing private-sector participation in Qatar’s economy.
“It will support our strongest companies, help emerging businesses grow, deepen capital markets and attract international capital and expertise to contribute to this effort,” Sheikh Mohammed said at the Qatar Economic Forum in New York.
First reported by Bloomberg in January, the plan was launched before the US-Iran conflict and is expected to help the US$580 billion QIA manage its global investments. The QIA holds stakes in major Qatari companies across banking, real estate, utilities, and telecommunications. Its domestic holdings include Qatar National Bank and Ooredoo.
Sheikh Mohammed also said Qatar expects to award about US$38.5 billion in infrastructure projects over the next five years, including projects delivered through public-private partnerships. A separate pipeline of real estate and hospitality developments is expected to attract US$22.5 billion in private investment, he added.
The investment plans come as Qatar manages the economic impact of the regional conflict and disruption to its liquefied natural gas exports.
“We do not underestimate the uncertainty ahead,” Sheikh Mohammed said. “But we will not allow short-term disruption to determine our long-term direction.”
RELATED: Qatar Records 6% Average Annual Growth Over 15 Years, Expands Diversification Drive, IMO Says
Qatar is establishing a dedicated investment platform to manage and grow the domestic portfolio of the Qatar Investment Authority (QIA), Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced.
The platform, called Doha Investment, will focus on long-term value creation and increasing private-sector participation in Qatar’s economy.
“It will support our strongest companies, help emerging businesses grow, deepen capital markets and attract international capital and expertise to contribute to this effort,” Sheikh Mohammed said at the Qatar Economic Forum in New York.
First reported by Bloomberg in January, the plan was launched before the US-Iran conflict and is expected to help the US$580 billion QIA manage its global investments. The QIA holds stakes in major Qatari companies across banking, real estate, utilities, and telecommunications. Its domestic holdings include Qatar National Bank and Ooredoo.
Sheikh Mohammed also said Qatar expects to award about US$38.5 billion in infrastructure projects over the next five years, including projects delivered through public-private partnerships. A separate pipeline of real estate and hospitality developments is expected to attract US$22.5 billion in private investment, he added.
The investment plans come as Qatar manages the economic impact of the regional conflict and disruption to its liquefied natural gas exports.
“We do not underestimate the uncertainty ahead,” Sheikh Mohammed said. “But we will not allow short-term disruption to determine our long-term direction.”
RELATED: Qatar Records 6% Average Annual Growth Over 15 Years, Expands Diversification Drive, IMO Says
