Qatar Investment Authority

Qatar Investment Authority

The Qatar Investment Authority (QIA) is Qatar's sovereign wealth fund, specializing in local and foreign investment. It was founded in 2005 to manage the extra oil and natural gas surpluses that Qatar Government were receiving. The QIA wholly controls the Qatari Diar Real Estate Investment Company (Qatari Diar), which is an property investment fund.

QIA is estimated to hold in excess of $60 billion of assets. [cite news|url=http://www.nytimes.com/2007/12/11/business/worldbusiness/11bank.html|title=UBS Records a Big Write-Down and Sells a Stake|publisher=New York Times|accessdate=2008-08-14]

The chief executive and chairman of the QIA is Sheik Hamad bin Jassem bin Jabr Al Thani. [cite news|url=http://www.nytimes.com/2008/02/19/business/worldbusiness/19qatar.html|title=Qatar Buying Credit Suisse Shares on Open Market|date=2008-2-19|publisher=Bloomberg News|accessdate=2008-08-14]

ee also

*Economy of Qatar

References

External links

* [http://www.qia.qa/QIA/ Qatar Investment Authority]
* [http://www.mof.gov.qa Qatar Ministry of Finance]


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