Qatar wealth fund plans $10bn investment in US infrastructure
The head of Qatar’s sovereign wealth fund has told US officials it will invest $10 billion in the country’s infrastructure projects, Reuters reported. The move is a boost to the economic plans of incoming American President Donald Trump.
According to sources, the chief executive of the Qatar Investment Authority (QIA) Sheikh Abdullah bin Mohamed bin Saud al-Thani talked about the investment with the officials on Monday in Doha. Among those involved was Charles Rivkin, US assistant secretary of state for economic and business affairs.
The details on the timing of the investment have not been disclosed.
One of the world’s largest sovereign funds the QIA has already said it intends to invest $35 billion in the US over the next five years. Reuters’ sources said it was not clear if the $10 billion investment was part of that.
Last year the sovereign fund opened an office in New York to “better access new and existing investment partners.” The QIA controls more than $250 billion in funds and says it plans to target various sectors of the US economy and create American jobs.
Two years ago the fund, along with other investors, agreed to buy American Express’ business-travel division for $900 million.
It has invested in New York’s real estate market, acquiring four apartments at Zeckendorf Development’s 50 United Nations Plaza for around $45 million in 2015.
the money trees growing in qatar are in full bloom..
the gay hating, misogynists will be welcomed by both sides of government when they come with gifts..
“it will invest $10 billion in the country’s infrastructure projects, Reuters reported. The move is a boost to the economic plans of incoming American President Donald Trump.”
what would hillary do?
“QIA has already said it intends to invest $35 billion in the US over the next five years.”
nobody rides for free..