Qatar Planning $35 Billion of U.S. Investments to Diversify - Bloomberg Business

Qatar Planning $35 Billion of U.S. Investments to Diversify - Bloomberg Business:

"Qatar plans to invest $35 billion in the U.S. over the next five years as it seeks to diversify assets.
The Qatar Investment Authority, which helps manage the country’s energy-generated wealth, opened an office in New York to "better access new and existing investment partners," the sovereign fund said in a statement Monday. It will target various sector of the U.S. economy and help create American jobs, Qatar’s ambassador to Washington, D.C., Mohammed Al Kuwari, said in Twitter postings, without giving more details on potential investments.
The Doha-based fund, which controls more than $250 billion, has deployed the nation’s riches on assets ranging from British bank Barclays Plc to Total SA and commodities trader Glencore Plc, with most of its investments so far confined to Europe. It led a group of investors that agreed in January to buy London’s Canary Wharf financial district in a deal that valued owner Songbird Estates Plc at about 2.6 billion pounds ($3.94 billion)."



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