29.11.2016 - QIA is shaping Qatar’s economic future
Continuing our assessment of Qatar’s economic diversification in Gulf Times, the creation by the Qatari government of Qatar Investment Authority (QIA), a sovereign wealth fund, in 2005 is a reflection of Qatar’s strategic view of how to shape its economic future as well as its capacity to operate in the global financial markets. With assets estimated to be around $300bn, QIA’s prime objective is to achieve revenue diversification and to minimise risk from Qatar’s reliance on energy prices. Through the QIA, its subsidiary Qatari Diar, and other funds such as Qatar Foundation Endowment and Qatar Sports Investment, investing once massive surpluses of oil and gas revenues in a manner that supports the long-term prospects of the economy of Qatar has been a priority for the government...............................................Full Article: Source
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