Qatar plans to invest US$35 billion in US over 5 years

Qatar plans to invest US$35 billion over the next five years in the United States, as the energy-rich Gulf state diversifies its global stakes, its sovereign wealth fund said Monday.

The Qatar Investment Authority revealed its US investment plans in a statement announcing the opening of an office in New York.

The office “will enable QIA to develop and expand its global investment portfolio, with the State of Qatar having committed to investing US$35 billion in the United States of America over the next five years”, it said.

QIA said it also “remains committed to its investments in Europe, Asia and the Middle East”, while the New York office “facilitates access to significant investment opportunities”.

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