Qatar sovereign wealth fund seeks health and tech deals | Financial Times:
Qatar’s sovereign wealth fund will remain “very active” through the coronavirus pandemic as the oil-rich Gulf investor searches for deals in the health and technology industries.
Ali Sharif al-Emadi, the country’s finance minister, said the $320bn Qatar Investment Authority’s “main focus” would be on its international investments as it used the market volatility and plunging asset prices to identify buying opportunities.
“The QIA is looking to invest in various sectors, specifically in the health and tech industries,” Mr Emadi, who is on the QIA’s board, told the Financial Times.
“We are looking at businesses that we believe will prove resilient over the long term, despite some negative effects resulting from the Covid-19 pandemic.”
Qatar’s sovereign wealth fund will remain “very active” through the coronavirus pandemic as the oil-rich Gulf investor searches for deals in the health and technology industries.
Ali Sharif al-Emadi, the country’s finance minister, said the $320bn Qatar Investment Authority’s “main focus” would be on its international investments as it used the market volatility and plunging asset prices to identify buying opportunities.
“The QIA is looking to invest in various sectors, specifically in the health and tech industries,” Mr Emadi, who is on the QIA’s board, told the Financial Times.
“We are looking at businesses that we believe will prove resilient over the long term, despite some negative effects resulting from the Covid-19 pandemic.”
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