Qatar's QIA Plans to at Least Double Annual US Investments over Next Decade
Qatar's sovereign wealth fund (QIA) is planning to at least double its annual US investments in the next decade, its CEO said on Tuesday, after the fund has already pledged to invest $500 billion in the US economy over the next 10 years.
President Donald Trump visited Doha last and signed agreements with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani that the White House said would generate an economic exchange worth at least $1.2 trillion, and included a $96 billion sale to Qatar Airways, Reuters reported.
When asked on how the fund's annual investment into the US would change since previous years, CEO Mohammed Al Sowaidi said: "It increased the pace for sure. So I think some years probably increased by double, some years probably buying more than double what we've been doing for the past five to six years."
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