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Qatar to invest $45 billion in U.S.

Staff Writer |
Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe.

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The sovereign wealth fund has built up a huge European portfolio through stakes in companies including Deutsche Bank, Credit Suisse, London Stock Exchange and Volkswagen.

QIA currently has about $30 billion invested in the U.S., Mansour Ibrahim al-Mahmoud told reporters on the sidelines of a conference.

“We are talking about $45 billion for the U.S. market..we are on track for this over the next two years,” he said.

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