Sunday 22 April 2012

NOW Lebanon -Qatar’s sovereign fund exceeds $100 billion

The assets under management by the sovereign wealth fund (SWF) of gas-rich Qatar have far exceeded $100 billion, Qatar Investment Authority board member executive Hussein al-Abdulla said Sunday.

Asked if the assets of the fund have reached $100 billion, Abdulla told reporters they were "much more" but declined to provide a specific figure.

Speaking on the sidelines of the World Investment Forum in the Qatari capital Doha, Abdulla said the fund "will have $30 billion more to invest in 2012."

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