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International Relation

Qatar open for business despite siege: official

September 15, 2017


Abstract : The lingering Gulf crisis has little impact on Qatar's sovereign wealth fund and the business is going on as usual, Qatar Investment Authority (QIA) Chief Executive Officer HE Sheikh Abdullah bin Mohammed bin Saud al Thani has said.

卡塔尔

 

DOHA, Sept. 14 (Xinhua) -- The lingering Gulf crisis has little impact on Qatar's sovereign wealth fund and the business is going on as usual, Qatar Investment Authority (QIA) Chief Executive Officer HE Sheikh Abdullah bin Mohammed bin Saud al Thani has said, Qatar news agency (QNA) reported Thursday.

Sheikh Abdullah said in an address at the Carnegie Mellon University in Qatar that despite the crisis passing the 100-day mark, Qatar is still open for business and business as usual.

"We are fine," he added, QNA reported.

Sheikh Abdullah said the QIA's exposure to those countries leading the boycott was "very, very small," adding that the fund would continue its recent policy of targeting hi-tech and infrastructure companies in the United States.

"The future is technology," he said.

The health sector is one of the main sectors which the QIA was investing in using hi-tech solutions for cancer treatment, he added.

In 2015, he announced that the QIA would invest up to 35 billion dollars in the United States over the following five years, after targeting high-profile acquisitions in Europe.

Qatar Investment Authority is the authority which is aimed to support the development of a competitive Qatari economy, facilitating economic diversification and developing local talent.

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Keyword: Qatar Gulf

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