Latest news with #AlSowaidi
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
QIA sees US outlays doubling after $500 bn pledge
Tribune News Network Doha Qatar's wealth fund is set to see its annual outlays into the US double in coming years on the back of a $500 billion investment pledge. 'We believe in the growth and robustness of the US system,' Qatar Investment Authority Chief Executive Officer Mohammed Al Sowaidi said. The fund will likely double — and in some years more than double — its US spend compared to the past five or six years, he said at the Qatar Economic Forum in Doha on Tuesday. The comments come days after Al Sowaidi pledged to invest an additional $500 billion in the US over the next decade, an amount that's nearly equal the fund's current size. The sweeping new outlays will target areas traditionally favoured by the fund — such as artificial intelligence, data centers and health care — while also aligning with US President Donald Trump's agenda to reindustrialise the US, Al Sowaidi has previously said.
Yahoo
20-05-2025
- Business
- Yahoo
Qatar's QIA plans to double U.S. investments in coming years
- Qatar's wealth fund is due to see its annual investments into the U.S. double in the coming years following a $500 billion investment promise. Speaking to Bloomberg News, Qatar Investment Authority CEO Mohammed Al Sowaidi said that the fund will likely increase, and in some years more than double, its U.S. expenditures when compared to the past five to six years. "It's very important to think organically how do you grow and U.S. is 60% of the available trading markets in the world, so it makes sense that most of it will go to the U.S. market," Al Sowaidi noted. "We also believe in the robustness of the U.S. systems," he said. Al Sowaidi previously said that Qatar would invest an additional $500 billion in the U.S. over the coming decade, which would approximately match the size of the fund. Qatar's new spending on the U.S. is due to focus on areas like artificial intelligence and data centers and aid U.S. President Donald Trump's goal of bolstering manufacturing domestic manufacturing jobs, Al Sowaidi previously said. Last week, Trump visited Qatar as part of a multi-day tour of the Gulf focused on securing business deals and strengthening ties with countries in the region. Trump signed agreements with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani which U.S. officials claimed would lead to economic activity worth over $1 trillion, although the White House did not provide full details behind the calculation. Since being targeted by a Trump-backed trade and economic embargo in 2017 imposed by a number of countries, Qatar has moved to revitalize its reputation with Washington. Trump was the first U.S. president to visit the small, oil-rich nation in more than two decades. Related articles Qatar's QIA plans to double U.S. investments in coming years Canada's inflation slows to 1.7% as energy prices plunge Deutsche Bank poll: 80% see U.S. deficit path ending in crisis or QE
Qatar Tribune
19-05-2025
- Business
- Qatar Tribune
QEF highlights Qatar's strategic vision, global investment appeal: CEOs
QNA Doha The Qatar Economic Forum (QEF), Powered by Bloomberg, which is set to commence on Tuesday, stands as a testament to Qatar's deepening commitment to fostering international economic cooperation and driving global dialogue on pressing financial and investment issues. Senior executives from Qatar's key economic institutions emphasized the pivotal role of the Forum in reinforcing the country's global positioning as a major investment and financial hub. Speaking exclusively to Qatar News Agency, Mohammed Saif Saeed Al Sowaidi, CEO of the Qatar Investment Authority (QIA), highlighted that the forum mirrors Qatar's vision of global engagement. 'As a global economic hub, Qatar is capable of convening all leaders and experts from around the globe to come together and share ideas about economic issues and explore investment opportunities,' he said. Al Sowaidi stressed that QIA's participation in the Forum aligns with its mission of developing a robust and diversified investment portfolio that ensures long-term financial sustainability and benefits future generations. 'Guided by a far-sighted vision, QIA prioritizes long-term growth pillars such as the technology sector, digital transformation in healthcare, industrial transition in developing nations, and other strategic themes, while maintaining the agility to adapt to short-term market fluctuations,' he noted. QIA, Al Sowaidi said, rigorously assesses investments based on returns and associated risks. He expressed confidence in the sovereign wealth fund's adaptability amid ongoing global economic volatility, especially in light of shifting global trade policies, notably those under review in the United States. Echoing the significance of the forum, Yousuf Mohamed Al Jaida, CEO of the Qatar Financial Centre (QFC), described the QEF as 'a prestigious global platform' that continues to strengthen Qatar's reputation as a destination of choice for global investors. In his remarks to QNA, Al Jaida said the Forum has historically served as a strategic platform for QFC to forge strong relationships with international financial institutions and to promote Qatar's attractive investment environment. 'Our participation has directly contributed to attracting a number of leading companies to the Qatari market, reinforcing Qatar's position as a regional and international financial hub,' he said. Al Jaida recalled that in previous editions, QFC signed several Memoranda of Understanding (MoUs) with major international players, including Unicorns, the media company behind Unicorn Hunters, and the Hashgraph Association to support the deployment of Distributed Ledger Technology (DLT) in Qatar. Another key partnership was signed with Mastercard to develop fintech solutions and accelerate innovation in financial services. 'These partnerships reflect QFC's commitment to supporting Qatar's entrepreneurial ecosystem and to providing real growth opportunities for both local and international companies,' he added. As a strategic partner in this year's edition, QFC aims to spotlight its critical role in driving economic diversification and enhancing the business climate in Qatar. Al Jaida revealed that this year's Forum would enable QFC to explore new alliances in strategic sectors such as fintech, asset management, and professional services. One such key partnership being pursued is with the Ashmore Group, a global asset management firm specializing in emerging markets. Al Jaida will also take part in a prominent panel discussion titled Crypto & Digital Assets: Investing in the New Era, which will examine the future of cryptocurrencies and digital assets. The session will delve into regulatory frameworks, smart investment strategies, and the rapid transformation shaping the digital financial world. In conclusion, Al Jaida underscored that the Forum provides a unique opportunity for QFC to engage directly with global companies and demonstrate its competitive advantages, including an independent legal and regulatory framework, 100% foreign ownership, and generous tax exemptions. 'Through one-on-one meetings and panel discussions, QFC will introduce companies to growth opportunities in the Qatari market and offer the support they need to establish operations within our integrated business ecosystem,' he said. As Qatar prepares to welcome world leaders, entrepreneurs, and innovators to Doha for the Forum, the combined efforts of institutions like QIA and QFC are set to further enhance the nation's role on the global economic stage, amplifying its voice in shaping the future of global finance and investment.
