Thursday 12 April 2018

Qatar Treads Off the Beaten Path in Quest for U.S. Investments - Bloomberg

Qatar Treads Off the Beaten Path in Quest for U.S. Investments - Bloomberg:

"Qatari investors are hitting the road less traveled in their current tour of the U.S., sizing up deals in South Carolina, Florida and Texas rather than hitting only New York and other mainstays. The biggest exporter of liquefied natural gas has already spent more than $17 billion of the $35 billion it plans to invest in the U.S. by 2020, with an additional $10 billion earmarked for infrastructure projects, Sheikh Ahmed Bin Jassim Bin Mohammed Al Thani, Qatar’s minister of economy and commerce, said in an interview in Washington. “The economic relationship between Qatar and the U.S. keeps increasing year after year,” said Sheikh Ahmed, who is also the vice-chairman of the country’s $320 billion sovereign wealth fund, the Qatar Investment Authority. The fund plans to open its second office in Silicon Valley, while private Qatari investors are pooling their funds to co-invest in deals around the U.S., he said."



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