Qatar’s Wealth Fund Plans $500 Billion US Push Over Next Decade

Qatar’s Wealth Fund Plans $500 Billion US Push Over Next Decade

During his first 15 years at Qatar Investment Authority, Mohammed Al Sowaidi helped establish its US presence and scout opportunities. Now, as head of the $524 billion state-backed entity, he’s pledging to invest an amount nearly equal to the fund’s current size, as part of a major commitment by the Gulf nation.

The Qatari Sovereign Wealth Fund (QIA) will invest $500 billion in the United States over the next decade. The fund’s executive director, Mohammed Al Suwaidi, spoke about the plans for future investments. Al Suwaidi said that the new large-scale financing round will be directed at areas traditionally supported by the fund, including artificial intelligence, data centers and healthcare. At the same time, it will be consistent with the goals of US…