The Qatar Investment Authority (QIA), one of the world's most aggressive investors, has signed an agreement on Tuesday with CITIC Group Corp to launch a $10 billion fund that will invest in the region, the chief executive of the Qatari sovereign wealth fund said.
QIA, which is estimated to have around $170 billion, and state-owned conglomerate CITIC Group signed a memorandum of understanding to launch the 50-50 investment fund, QIA Chief Executive Ahmed Al-Sayed said at an investment conference in Beijing...............................................Full Article: Source
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