https://arab.news/jcght
DOHA: Qatar’s sovereign wealth fund is planning to at least double its annual US investments in the next decade, its CEO said on Tuesday, after the fund has already pledged to invest $500 billion in the US economy over the next 10 years.
President Donald Trump visited Doha last week during his high-profile Gulf tour that focused on major business deals and leveraged rehabilitated relations with a key US ally for investment commitments.
He signed agreements with Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani that the White House said would generate an economic exchange worth at least $1.2 trillion, and included a $96 billion sale to Qatar Airways. But it did not offer a comprehensive breakdown.
When asked how the fund’s annual investment into the US would change since previous years, CEO Mohammed Al-Sowaidi said: “It increased the pace for sure. So I think some years probably increased by double, some years probably buying more than double what we’ve been doing for the past five to six years.”