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Qatar plans more U.S. investments as it seeks to further diversify its assets as a diplomatic standoff with its Gulf neighbors enters its third month.
Qatar plans more U.S. investments as it seeks to further diversify its assets as a diplomatic standoff with its Gulf neighbors enters its third month.
The Qatar Investment Authority, which was created to handle the country’s windfall from liquefied natural gas sales, of which it is the world’s biggest exporter, will spend most of what remains of its $45 billion investment target on infrastructure and technology in the country, Chief Executive Officer Sheikh Abdullah Bin Mohammed Bin Saud Al Thani said in Doha Wednesday. The fund has invested more than half of the money so far, he said.
“For a long-term investor like us having to liquidate some of your assets with asset prices at the bottom is the worst-case scenario,” he said. “How can you develop a global portfolio strategy when you are faced with uncertainty? The answer is diversification. Diversify your investment by region, diversify by investing in all sectors.”
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