Qatar Investment Authority
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| Qatar Investment Authority | |
| Founded | 2000 |
|---|---|
| Headquarters | Qatar |
| Key People | HH Tamim Bin Hamad Al Thani, Chairman; HE Sheikh Hamad Bin Jabr Bin Jassem Al Thani, Vice Chairman and Chief Executive Officer |
| Employees | 92 |
| Products | Financial Services |
| Web site | http:// |
Qatar Investment Authority (QIA) is a sovereign fund whose prime objective is to achieve revenue diversification for the state of Qatar over the 10 to 15 years since its establishment. As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (USA, Europe and Asia) and within Qatar outside the energy sector. The fund focuses on three asset classes; real estate, private equity and investment funds.
QIA established Qatari Diar Real Estate Investment Company as a platform to handle several significant investments in local as well as international markets including Morocco, Egypt, Oman and Syria. In the UK, QIA's investments include the acquisition of four of the largest nursing home chains in the UK for approximately 5 billion USD. In addition, QIA has a significant direct interest in the Canary Wharf Estate in London; it also owns and is developing a large prime location retail mall in Kuala Lumpur. QIA also directly owns 100% of Qatar National Hotels Company.
In private equity, QIA has direct stakes in several Qatari blue chip companies like QNB and Qtel and co-invests alongside them. QIA's private equity also looks after local private equity and venture capital initiatives such as the Qatar Foundation.
QIA's international investments include stakes in the UK-based Four Seasons Healthcare, London Stock Exchange, Nordic Exchange OMX, Lagardere of France, Jordan's Housing Bank for Trade and FinanceHousing Bank for Trade and FinanceThe Housing Bank for Trade and Finance, and Singapore's Raffles Medical Group. It was also a co-investor in Dubai International CapitalDubai International CapitalDubai International Capital's purchase of a 3.12 percent stake in European Aeronautic, Defence and Space Company (EADS).
QIA is backed by surplus funds (after meeting domestic budgets) originating from the sale of 800,000 barrels of oil per day. Some estimates put the current fund size at USD 60 billion.[1]
Contents |
History
Products and Services
Sovereign Wealth Enterprises:
1. Qatar Holding LLC was incorporated in April 2006 within the jurisdiction of Qatar Financial Centre as the prime vehicle for strategic and direct investments by the State of Qatar.
The fund also owns a holding company called the Qatar Investment Company which owns the Qatar Holding LLC.
2. Delta Two LTD is also an investment vehicle of the Qatar Investment Authority.
3. Qatari Diar – Real Estate Investment Company This investment arm was established in December 2004 and was initially capitalized at US$ 1 Billion. It is involved in real estate partnerships and ventures throughout the world. [2]
Key People
References
- ↑ Qatar Investment Authority. Zawya Middle East Business News. Retrieved on July 1, 2008.
- ↑ Qatar Investment Authority. Sovereign Wealth Fund Institute. Retrieved on July 1, 2008.
