Qatar Investment Authority
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| Founded | 2005 |
|---|---|
| Headquarters | Doha, Qatar |
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Key people
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Sheikh Abdulla bin Mohammed bin Saud Al Thani |
| AUM | US$335 billion (2017) |
| Website | www.qia.qa |
The Qatar Investment Authority (Arabic: جهاز قطر للإستثمار) (QIA) is Qatar's state-owned holding company that can be characterized as a National Wealth Fund. It specializes in domestic and foreign investment. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.
The QIA was founded in 2005 by the then-Emir of Qatar Hamad bin Khalifa Al Thani to manage the oil and natural gas surpluses by the government of Qatar. As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector. Prior to establishment of the Qatar Investment Authority (QIA) in 2005, Qatar's Ministry of Finance had a small in-house team to invest revenue from budget surpluses. The Qatar National Vision 2030 foresees the shift from natural gas based revenue to QIA-type investments between now and then.
The QIA wholly controls Qatari Diar, a property investment company.
QIA is estimated to hold in excess of $170 billion of assets an amount that is expected to significantly increase as the state completes its expansion projects to become the world's largest liquefied natural gas exporter with 77 million tons output capacity. The QIA does not publish its holdings to the market.
In June 2013 after the new emir's arrival to power, and general reshuffle into Qatar's main organizations, Ahmad Al Sayed was appointed as QIA's Chairman and Chief Executive, replacing Hamad bin Jassim Al Thani in the post while also remaining Managing Director & CEO of QIA's main subsidiary Qatar Holding. Sayed held the post for 16 months. In January 2015 Sheikh Abdullah bin Mohamed bin Saud al-Thani, chairman of Qatar communication company Oredoo, was appointed new CEO.Khalifa Al Kuwari is the current Chief Operating Officer.
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