His Excellency Mr. Mansour bin Ibrahim Al Mahmoud, Chairman of the Qatar Investment Authority, confirmed yesterday, Thursday, that the Authority is expanding in Australia, Korea and Southeast Asia.
The authority also sees investment opportunities including minority stakes in companies affiliated with giant conglomerates and acquisition deals in Japan and in the technology sector in India.
The Qatar Investment Authority is one of the world’s largest investors. The Sovereign Wealth Fund Institute estimates that the authority manages total assets worth $526 billion.
“For Australia and Korea, we will start hiring people. We started in Japan with the team three years ago, now we are doubling it, we will hire more and more people, so it is a market we have to focus on,” Abdullah Ali Al Kuwari, head of Asia Pacific consulting at the Qatar Investment Authority, said at the Milken Institute’s Asia 2024 Summit in Singapore.
The QIA’s expansion into Asia comes as it diversifies its investments from core European and U.S. markets. In June, Reuters reported that the QIA had agreed to buy a 10 percent stake in China Asset Management, China’s second-largest mutual fund company. The fund also owns stakes in the London Stock Exchange and Iberdrola, a Spanish public power company.
