The Qatar Investment Authority (QIA), one of the world’s largest sovereign wealth funds, will not make any major investments for the next six months, Hussain al Abdulla, the executive director, said yesterday.
The QIA is the main investment vehicle for Qatar, which has some of the brightest economic prospects in the world this year due to an expected increase in natural gas revenues. The fund, founded in 2005, has invested the majority of its assets either outside of the region or within Qatar’s non-oil sector in an attempt to diversify the country’s wealth away from energy sales.
“For the next six months, we will be basically doing nothing,” Mr al Abdulla said on the sidelines of the Wharton Global Alumni Forum, a conference sponsored by the Wharton School of the University of Pennsylvania in the US.
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