05.11.2014 - Qatar sovereign fund to launch $10 bln investment fund with China's Citic Group
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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