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{{Short description|Sovereign wealth fund of Qatar}} {{Short description|Sovereign wealth fund of Qatar}}
{{Use dmy dates|date=October 2017}} {{Use dmy dates|date=October 2017}}
{{Cleanup|date=January 2021|reason=This article is too much of a mess. I tried fixing some but to be radically honest, the pet-project of some incredibly-slanted editors can best be served by jumping the gun and deleting number of proses altogether, if one has to "be bold!" in practice}}
{{Infobox company {{Infobox company
| name = Qatar Investment Authority | name = Qatar Investment Authority
| logo = Qatar Investment Authority logo.svg | logo = Qatar Investment Authority logo.svg
| image= QTel tower in West Bay.jpg | image = QTel tower in West Bay.jpg
| image_size = 250px | image_size = 290px
| image_caption = Headquarters at Ooredoo Tower (right) | image_caption = QIA headquarters, located in the Ooredoo Tower (right) in the city of ].
| type = ] | type = ]
| foundation = {{start date and age|df=yes|2005}}<!--https://www.almeezan.qa/LawPage.aspx?id=4007&language=ar--> | foundation = {{start date and age|df=yes|2005}}<!--https://www.almeezan.qa/LawPage.aspx?id=4007&language=ar-->
| location_city = ] | location_city = Ooredoo Tower, ]
| location_country = ] | location_country = ]
| key_people = Mansoor Bin Ebrahim Al-Mahmoud (CEO)<ref name=CEO/> | key_people = Mohammed Saif Al-Sowaidi (CEO)<ref name=CEO/><br>Sheikh Bandar bin Mohammed bin Saoud Al-Thani (Chairman)<br>
| owner = ] | owner = ]
| aum = {{increase}} {{US$|526 billion|link=yes}} (2024)
| aum = {{increase}} {{US$|445 billion|link=yes}} (2022)<ref>{{Cite web |url=https://globalswf.com/news/qia-reaches-us-445-billion-aum-gets-ready-to-take-off |title=QIA reaches US$ 445 billion AuM, gets ready to take off |website=globalswf.com |date=10 February 2022}}</ref>
| homepage = {{URL|http://www.qia.qa}} | homepage = {{URL|http://www.qia.qa}}
| subsid = ], ], ], ], ], ] (45%), Qatari Diar Real Estate Investment Company, Qatar Holding LLC, ], ], ] (2010–2016), Future French Champions SAS, Q REIT Holding, Qatar Asset Management Co, Qatar Railways Development, Ascott Serviced Residence (Global) Fund, Qatar Dubai Investments, OCS Investments, ] | subsid = ], ], ], ], ], ] (45%), Qatari Diar Real Estate Investment Company, Qatar Holding LLC, ], ], ] (2010-2016), Future French Champions SAS, Q REIT Holding, Qatar Asset Management Co, Qatar Railways Development, Ascott Serviced Residence (Global) Fund, Qatar Dubai Investments, OCS Investments, ]
}} }}
The '''Qatar Investment Authority''' ('''QIA'''; {{lang-ar|جهاز قطر للإستثمار}}) is ]'s ]. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021, the QIA had an estimated $450 billion of assets.<ref>{{Cite web |url=https://apnews.com/article/middle-east-qatar-arrests-business-eb4712950836b4e45698e6e0821f5ae6 |title=Qatar finance minister arrested in corruption investigation |first=Isabel |last=Debre |date=May 6, 2021 |website=] |language=en |access-date=2021-07-11}}</ref><ref>{{Cite web |url=https://www.reuters.com/world/middle-east/qatars-finance-minister-arrested-alleged-embezzlement-statement-2021-05-06/ |title=Qatar finance minister arrested over embezzlement allegations |date=2021-05-06 |website=] |access-date=2021-07-11}}</ref> The '''Qatar Investment Authority''' ('''QIA'''; {{langx|ar|جهاز قطر للإستثمار}}) is ]'s ].<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2023-03-07/qatar-appoints-new-head-of-450-billion-sovereign-wealth-fund |title=Qatar's $450 Billion QIA Gets New Chairman After Cabinet Changes |date=March 7, 2023 |work=Bloomberg |access-date=8 August 2023 |archive-date=3 April 2024 |archive-url=https://web.archive.org/web/20240403043606/https://www.bloomberg.com/news/articles/2023-03-07/qatar-appoints-new-head-of-450-billion-sovereign-wealth-fund |url-status=live }}</ref> The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 billion of ].<ref>{{Cite web |title=Qatar Investment Authority (QIA) - Sovereign Wealth Fund, Qatar - SWFI |url=https://www.swfinstitute.org/profile/598cdaa60124e9fd2d05bc5a |access-date=2023-06-22 |website=www.swfinstitute.org |archive-date=29 December 2017 |archive-url=https://web.archive.org/web/20171229193942/https://www.swfinstitute.org/swfs/qatar-investment-authority/ |url-status=live }}</ref>


The QIA's structure and decision-making procedures have been characterized as non-transparent.<ref>{{Cite news |url=https://online.wsj.com/articles/qatars-sovereign-wealth-fund-to-invest-at-least-15-billion-in-asia-1415080679 |title=Qatar's Sovereign-Wealth Fund to Invest at Least $15 Billion in Asia |last=Spegele |first=Brian |date=2014-11-04 |work=] |language=en-US |access-date=2021-07-11 |issn=0099-9660}}</ref><ref>{{Cite web |url=https://www.trtworld.com/magazine/gulf-sovereign-wealth-funds-among-world-s-least-transparent-48159 |title=Gulf sovereign wealth funds among world's least transparent |date=7 July 2021 |website=] |language=en |access-date=2021-07-11}}</ref> Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund).<ref>{{Cite news |url=https://www.reuters.com/article/idINL3E8L25ZB20121002 |title=Qatar's sovereign funds: A guide for the perplexed |last=Galani |first=Una |date=2012-10-02 |work=Reuters |language=en |access-date=2021-07-11}}</ref> In September 2017, the ] (blog post of Berlin) provided data about the functioning behind the Qatar Investment Authority's investments and it was found out that QIA's participation in global capitalism as a fully state-owned business is a compelling and little-examined facet of the organization. By examining fine-grained ownership data, ] can monitor these activities on a worldwide scale. Beyond Sovereign Wealth Funds, any state-owned organization worldwide can be included in this research of cross-border state ownership networks. The data also showcased that there were no noteworthy high-profile transactions when looking at the Qatari state investment outside of the QIA activities; instead, smaller acquisitions with higher, majority, or full ownership targets were discovered. This demonstrates the notion that Qatar's absorption into global capitalism is symbolized by the QIA. The acquisition of PSG, the strong focus on the UK and other European countries as investment targets indicate that the QIA is eager to establish the Qatari state as an important actor in global finance.<ref>{{Cite journal |date=2009-01-13 |title=ResearchGATE |url=http://dx.doi.org/10.4016/9522.01 |access-date=2022-08-11 |website=SciVee|doi=10.4016/9522.01 }}</ref> The QIA's structure and decision-making procedures have been characterized as non-transparent.<ref>{{Cite news |url=https://online.wsj.com/articles/qatars-sovereign-wealth-fund-to-invest-at-least-15-billion-in-asia-1415080679 |title=Qatar's Sovereign-Wealth Fund to Invest at Least $15 Billion in Asia |last=Spegele |first=Brian |date=2014-11-04 |work=] |language=en-US |access-date=2021-07-11 |issn=0099-9660 |archive-date=19 November 2014 |archive-url=https://web.archive.org/web/20141119043843/http://online.wsj.com/articles/qatars-sovereign-wealth-fund-to-invest-at-least-15-billion-in-asia-1415080679 |url-status=live }}</ref><ref>{{Cite web |url=https://www.trtworld.com/magazine/gulf-sovereign-wealth-funds-among-world-s-least-transparent-48159 |title=Gulf sovereign wealth funds among world's least transparent |date=7 July 2021 |website=] |language=en |access-date=2021-07-11 |archive-date=11 July 2021 |archive-url=https://web.archive.org/web/20210711160416/https://www.trtworld.com/magazine/gulf-sovereign-wealth-funds-among-world-s-least-transparent-48159 |url-status=live }}</ref> However, according to Global SWF’s 2022 Governance, Sustainability & Resilience of State-Owned Investors Scoreboard, QIA is becoming more transparent and sustainable. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund).<ref>{{Cite news |url=https://www.reuters.com/article/idINL3E8L25ZB20121002 |title=Qatar's sovereign funds: A guide for the perplexed |last=Galani |first=Una |date=2012-10-02 |work=Reuters |language=en |access-date=2021-07-11 |archive-date=11 July 2021 |archive-url=https://web.archive.org/web/20210711154911/https://www.reuters.com/article/idINL3E8L25ZB20121002 |url-status=live }}</ref> In September 2017, ] (Berlin-based blog) provided data about the functioning behind the Qatar Investment Authority's investments and it was found out that QIA's participation in global capitalism as a fully state-owned business is a compelling and little-examined facet of the organization.


==History and profile== ==History and profile==
The QIA was founded in 2005 by the then-], ], to manage the ] and ] surpluses of the ].<ref>{{cite journal |title=Sovereign wealth funds: dangers and opportunities |first=Gawdat |last=Bahgat |journal=] |year=2008 |volume=84 |issue=6 |pages=1189–1204 |doi=10.1111/j.1468-2346.2008.00764.x}}</ref> As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector. Prior to establishment of the QIA in 2005, Qatar's Ministry of Finance had a small in-house team to invest revenue from budget surpluses.<ref>{{cite web |url=https://www.swfinstitute.org/profile/598cdaa60124e9fd2d05bc5a |title=Qatar Investment Authority (QIA) |website=]}}</ref> The ] foresees the shift from natural gas based revenue to QIA-type investments between now and then.<ref name=":9">{{Cite web |url=https://www.marianne.net/politique/ils-ont-livre-la-france-au-qatar |title=Ils ont livré la France au Qatar |first=Philippe |last=Cohen |date=2013-01-11 |website=] |language=fr |access-date=2019-08-05}}</ref> The QIA was founded in 2005 by the then-], ], to manage the ] and ] surpluses of the ].<ref>{{cite journal |title=Sovereign wealth funds: dangers and opportunities |first=Gawdat |last=Bahgat |journal=] |year=2008 |volume=84 |issue=6 |pages=1189–1204 |doi=10.1111/j.1468-2346.2008.00764.x}}</ref> As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector. Prior to establishment of the QIA in 2005, Qatar's Ministry of Finance had a small in-house team to invest revenue from budget surpluses.<ref>{{cite web |url=https://www.swfinstitute.org/profile/598cdaa60124e9fd2d05bc5a |title=Qatar Investment Authority (QIA) |website=] |access-date=19 April 2019 |archive-date=29 December 2017 |archive-url=https://web.archive.org/web/20171229193942/https://www.swfinstitute.org/swfs/qatar-investment-authority/ |url-status=live }}</ref> The ] foresees the shift from natural gas based revenue to QIA-type investments between now and then.<ref name=":9">{{Cite web |url=https://www.marianne.net/politique/ils-ont-livre-la-france-au-qatar |title=Ils ont livré la France au Qatar |first=Philippe |last=Cohen |date=2013-01-11 |website=] |language=fr |access-date=2019-08-05 |archive-date=30 June 2019 |archive-url=https://web.archive.org/web/20190630040929/https://www.marianne.net/politique/ils-ont-livre-la-france-au-qatar |url-status=live }}</ref>


The QIA wholly controls ], a property investment company.<ref>{{cite news |url=https://www.theguardian.com/world/2010/jun/14/qataris-rich-pickings-london-property |title=Qataris enjoy rich pickings in London property |last=Kollewe |first=Julia |date=14 June 2010 |newspaper=] |access-date=27 August 2011}}</ref> The QIA does not publish its holdings to the market. The QIA wholly controls ], a property investment company.<ref>{{cite news |url=https://www.theguardian.com/world/2010/jun/14/qataris-rich-pickings-london-property |title=Qataris enjoy rich pickings in London property |last=Kollewe |first=Julia |date=14 June 2010 |newspaper=] |access-date=27 August 2011 |archive-date=15 September 2013 |archive-url=https://web.archive.org/web/20130915014008/http://www.theguardian.com/world/2010/jun/14/qataris-rich-pickings-london-property |url-status=live }}</ref> The QIA does not publish its holdings to the market.


In June 2013, after the new emir's arrival to power, and a general reshuffle of Qatar's main organizations, Ahmad Al Sayed was appointed as QIA's chairman and ], replacing ] in the post<ref>{{cite news |url=http://www.ft.com/cms/s/0/34a616da-e32b-11e2-9bb2-00144feabdc0.html#axzz2oyeV2vcv |title=New Qatar emir shakes up sovereign wealth fund |first1=Camilla |last1=Hall |first2=Simeon |last2=Kerr |first3=Ed |last3=Hammond |name-list-style=amp |date=2 July 2013 |newspaper=] |access-date=30 December 2013}}</ref> while also remaining managing director and CEO of QIA's main subsidiary, Qatar Holding.<ref>{{cite web |url=https://www.swfinstitute.org/news/23926/changes-new-ceo-at-qatar-investment-authority |title=Changes: New CEO at Qatar Investment Authority |date=12 March 2014 |website=Sovereign Wealth Fund Institute}}</ref> Sayed held the post for 16 months. In January 2015, Sheikh ], chairman of Qatari telecommunications company ], was appointed as CEO and served until 2018.<ref>{{Cite web |url=https://www.gfmag.com/magazine/january-2015/qatar-investment-authority-al-thani-head-sovereign-wealth-fund |title=Qatar Investment Authority: Al-Thani To Head Sovereign Wealth Fund |first=Gilly |last=Wright |date=January 9, 2015 |website=Global Finance Magazine |access-date=13 April 2016}}</ref> {{As of|2022|July}}, Mansoor Bin Ebrahim Al-Mahmoud is the CEO of the company.<ref name=CEO>{{Cite web |title=Leadership |url=https://www.qia.qa/en/About/Pages/leadership.aspx |url-status=live |archive-url=https://web.archive.org/web/20220719170818/https://www.qia.qa/en/About/Pages/leadership.aspx |archive-date=2022-07-19 |access-date=2022-07-28 |website=www.qia.qa}}</ref> In June 2013, after the new emir's arrival to power, and a general reshuffle of Qatar's main organizations, Ahmad Al Sayed was appointed as QIA's chairman and ], replacing ] in the post<ref>{{cite news |url=http://www.ft.com/cms/s/0/34a616da-e32b-11e2-9bb2-00144feabdc0.html#axzz2oyeV2vcv |title=New Qatar emir shakes up sovereign wealth fund |first1=Camilla |last1=Hall |first2=Simeon |last2=Kerr |first3=Ed |last3=Hammond |name-list-style=amp |date=2 July 2013 |newspaper=] |access-date=30 December 2013 |archive-date=29 December 2013 |archive-url=https://web.archive.org/web/20131229145543/http://www.ft.com/cms/s/0/34a616da-e32b-11e2-9bb2-00144feabdc0.html#axzz2oyeV2vcv |url-status=live }}</ref> while also remaining managing director and CEO of QIA's main subsidiary, Qatar Holding.<ref>{{cite web |url=https://www.swfinstitute.org/news/23926/changes-new-ceo-at-qatar-investment-authority |title=Changes: New CEO at Qatar Investment Authority |date=12 March 2014 |website=Sovereign Wealth Fund Institute |access-date=19 April 2019 |archive-date=19 April 2019 |archive-url=https://web.archive.org/web/20190419173714/https://www.swfinstitute.org/news/23926/changes-new-ceo-at-qatar-investment-authority |url-status=live }}</ref> Sayed held the post for 16 months. In January 2015, Sheikh ], chairman of Qatari telecommunications company ], was appointed as CEO and served until 2018.<ref>{{Cite web |url=https://www.gfmag.com/magazine/january-2015/qatar-investment-authority-al-thani-head-sovereign-wealth-fund |title=Qatar Investment Authority: Al-Thani To Head Sovereign Wealth Fund |first=Gilly |last=Wright |date=January 9, 2015 |website=Global Finance Magazine |access-date=13 April 2016 |archive-date=23 April 2016 |archive-url=https://web.archive.org/web/20160423043928/https://www.gfmag.com/magazine/january-2015/qatar-investment-authority-al-thani-head-sovereign-wealth-fund |url-status=live }}</ref> From July 2022 to November 2024, Mansoor Ebrahim Al-Mahmoud has held the position of ] of the company.<ref name=CEO>{{Cite web |title=Leadership |url=https://www.qia.qa/en/About/Pages/leadership.aspx |url-status=live |archive-url=https://web.archive.org/web/20220719170818/https://www.qia.qa/en/About/Pages/leadership.aspx |archive-date=2022-07-19 |access-date=2022-07-28 |website=www.qia.qa}}</ref> He was succeeded by Mohammed Saif Al-Sowaidi.<ref>{{Cite web |date=2024-11-12 |title=Mohammed Al Sowaidi appointed as QIA's new Chief Executive |url=https://www.reuters.com/world/middle-east/qatars-emir-appoints-qia-ceo-minister-health-2024-11-12/ |access-date=2024-11-29 |website=Reuters}}</ref> In March 2023, Sheikh Bandar bin Mohammed bin Saoud Al-Thani was appointed chairman and replaced his predecessor, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, who was named as the country’s Prime Minister, in addition to his long-standing role of Minister of Foreign Affairs.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2023-03-07/qatar-appoints-new-head-of-450-billion-sovereign-wealth-fund |title=Qatar's $450 Billion QIA Gets New Chairman After Cabinet Changes |date=March 7, 2023 |work=Bloomberg |access-date=5 October 2023 |archive-date=3 April 2024 |archive-url=https://web.archive.org/web/20240403043606/https://www.bloomberg.com/news/articles/2023-03-07/qatar-appoints-new-head-of-450-billion-sovereign-wealth-fund |url-status=live }}</ref>


The fund is a member of the ].<ref name="IFSWF001">{{cite web |url=http://www.ifswf.org/members |title=IFSWF Our members |website=International Forum of Sovereign Wealth Funds |access-date=24 September 2016 |url-status=dead |archive-url=https://web.archive.org/web/20160927094338/http://www.ifswf.org/members |archive-date=27 September 2016}}</ref> The fund is a member of the ].<ref name="IFSWF001">{{cite web |url=http://www.ifswf.org/members |title=IFSWF Our members |website=International Forum of Sovereign Wealth Funds |access-date=24 September 2016 |url-status=dead |archive-url=https://web.archive.org/web/20160927094338/http://www.ifswf.org/members |archive-date=27 September 2016}}</ref>


Qatar Investment Authority has more than half of its assets invested in private equity and listed shares as it chases higher returns for 2021.<ref>{{cite news |url=https://www.reuters.com/article/swf-qatar-markets-int/qatar-investment-authority-bets-big-on-private-and-public-equity-ceo-idUSKBN26Z2SX |title=Qatar Investment Authority bets big on private and public equity - CEO |first=Tom |last=Arnold |date=October 14, 2020 |work=Reuters |access-date=16 November 2021}}</ref> As of 2021, the Qatar Investment Authority had more than half of its assets invested in private equity and listed shares.<ref>{{cite news |url=https://www.reuters.com/article/swf-qatar-markets-int/qatar-investment-authority-bets-big-on-private-and-public-equity-ceo-idUSKBN26Z2SX |title=Qatar Investment Authority bets big on private and public equity - CEO |first=Tom |last=Arnold |date=October 14, 2020 |work=Reuters |access-date=16 November 2021 |archive-date=23 April 2022 |archive-url=https://web.archive.org/web/20220423164053/https://www.reuters.com/article/swf-qatar-markets-int/qatar-investment-authority-bets-big-on-private-and-public-equity-ceo-idUSKBN26Z2SX |url-status=live }}</ref> According to Bloomberg, QIA has increasingly targeted start-ups in growth markets, such as Asia and the US. It has invested in indoor farming and firms that make plant-based meat alternatives.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2022-03-25/qatar-s-450-billion-wealth-fund-shifts-from-trophies-to-tech |title=Qatar's $450 Billion Wealth Fund Shifts From Trophies to Tech |date=March 25, 2022 |work=Bloomberg |access-date=5 October 2023 |archive-date=18 January 2023 |archive-url=https://web.archive.org/web/20230118073115/https://www.bloomberg.com/news/articles/2022-03-25/qatar-s-450-billion-wealth-fund-shifts-from-trophies-to-tech |url-status=live }}</ref>


==Subsidiaries== ==Subsidiaries==
Qatar Investment Authority owns 100% of Qatar Holding LLC, and it is associated with ] (50%). QIA is affiliated with ] (16.67%) and with Ubac Curaçao NV (1.35%). QIA is also affiliated with ] (QSi).<ref>{{cite web |url=http://www.sportspromedia.com/news/neymar-psg-qatar-national-bank-endorsement-deal |title=PSG's Qatari owners tap Neymar to promote QNB |first=Sam |last=Carp |date=10 December 2018 |website=]}}</ref> Qatar Investment Authority owns 100% of Qatar Holding LLC, and it also owns 50% of ]. QIA is affiliated with ] (16.67%) and with Ubac Curaçao NV (1.35%).<ref>{{cite web |url=http://www.sportspromedia.com/news/neymar-psg-qatar-national-bank-endorsement-deal |title=PSG's Qatari owners tap Neymar to promote QNB |first=Sam |last=Carp |date=10 December 2018 |website=] |access-date=24 January 2019 |archive-date=3 August 2020 |archive-url=https://web.archive.org/web/20200803131111/https://www.sportspromedia.com/news/neymar-psg-qatar-national-bank-endorsement-deal |url-status=live }}</ref>


==Investments== ==Investments==
In January 2013, one writer pegged the QIA investment in Britain at €30 billion, France at €10 billion and Germany at €5 billion,<ref name=":9" /> while another reported that the total assets under management in June 2013 was on the order of $100 billion.<ref name=alj>{{cite web |url=http://www.aljazeera.com/indepth/features/2013/06/201362613431469150.html |title=Can Qatar replace its renaissance man? |first=Sam |last=Bollier |date=26 June 2013 |website=Al Jazeera}}</ref> Qatar Holding's stake in ] rose to 12.7% following Barclays' capital raising in October 2008.<ref>{{cite news |url=http://www.euromoney.com/Article/3198818/Barclays-Qatari-capital-raising-timeline.html |title=Barclays' Qatari capital-raising timeline |first=Erica |last=Jeffery |date=May 12, 2014 |work=Euromoney |url-status=dead |archive-url=https://web.archive.org/web/20181109083550/https://www.euromoney.com/article/b12kjtqgg65kr2/barclays39-qatari-capitalraising-timeline |archive-date=2018-11-09}}</ref> Qatar Investment Authority holds a small stake in ]. It also holds about 17% stake in the ], ], ],<ref name=nobs/> as well as investments in ].<ref>{{cite news |url=https://www.independent.co.uk/news/world/middle-east/emir-of-qatar-profile-who-is-sheikh-hamad-bin-khalifa-al-thani-how-did-he-turn-qatar-into-the-worlds-richest-nation-and-why-has-he-decided-to-abdicate-8672997.html |title=Emir of Qatar profile: Who is Sheikh Hamad bin Khalifa Al Thani, how did he turn Qatar into the world's richest nation and why has he decided to abdicate? |first=John |last=Hall |date=25 June 2013 |newspaper=]}}</ref> The French government has made of Qatar a strategic partner, and the list of partnerships between the two states includes ] (12%) ] (4%), ] (6%), ], ], ] (5%), ], ] (5%), ], Royal Monceau, ] and ].<ref name=":9" /><ref name=nobs>{{cite web |url=http://tempsreel.nouvelobs.com/l-enquete-de-l-obs/20130405.OBS6953/qatar-s-ils-pouvaient-ils-acheteraient-la-tour-eiffel.html |title=Qatar: "S'ils pouvaient, ils achèteraient la Tour Eiffel" |trans-title=Qatar: "If they could, they would buy the Eiffel Tower" |date=7 April 2013 |website=] |language=fr}}</ref><ref name=lem>{{cite news |url=http://www.lemonde.fr/proche-orient/article/2009/02/21/la-france-accorde-une-exoneration-d-impots-aux-avoirs-du-qatar_1158582_3218.html |title=La France accorde une exonération d'impôts aux avoirs du Qatar |trans-title=France grants tax exemption to Qatari assets |first=Patrick |last=Roger |date=21 February 2009 |newspaper=] |language=fr}}</ref> In February 2009, France accorded special beyond-] investment privileges to Qatar and its ]; one example is ]s exemptions in France.<ref name=lem/> The QIA is also reported to hold part of ].<ref name=alj/> In January 2013, one writer pegged the QIA investment in Britain at €30 billion, France at €10 billion and Germany at €5 billion,<ref name=":9" /> while another reported that the total assets under management in June 2013 was on the order of $100 billion.<ref name=alj>{{cite web |url=http://www.aljazeera.com/indepth/features/2013/06/201362613431469150.html |title=Can Qatar replace its renaissance man? |first=Sam |last=Bollier |date=26 June 2013 |website=Al Jazeera |access-date=8 September 2015 |archive-date=11 September 2015 |archive-url=https://web.archive.org/web/20150911103528/http://www.aljazeera.com/indepth/features/2013/06/201362613431469150.html |url-status=live }}</ref> Qatar Holding's stake in ] rose to 12.7% following Barclays' capital raising in October 2008.<ref>{{cite news |url=http://www.euromoney.com/Article/3198818/Barclays-Qatari-capital-raising-timeline.html |title=Barclays' Qatari capital-raising timeline |first=Erica |last=Jeffery |date=May 12, 2014 |work=Euromoney |url-status=dead |archive-url=https://web.archive.org/web/20181109083550/https://www.euromoney.com/article/b12kjtqgg65kr2/barclays39-qatari-capitalraising-timeline |archive-date=2018-11-09}}</ref> Qatar Investment Authority holds a small stake in ]. It also holds about 17% stake in the ], ], ],<ref name=nobs/> as well as investments in ].<ref>{{cite news |url=https://www.independent.co.uk/news/world/middle-east/emir-of-qatar-profile-who-is-sheikh-hamad-bin-khalifa-al-thani-how-did-he-turn-qatar-into-the-worlds-richest-nation-and-why-has-he-decided-to-abdicate-8672997.html |title=Emir of Qatar profile: Who is Sheikh Hamad bin Khalifa Al Thani, how did he turn Qatar into the world's richest nation and why has he decided to abdicate? |first=John |last=Hall |date=25 June 2013 |newspaper=] |access-date=22 August 2017 |archive-date=10 May 2015 |archive-url=https://web.archive.org/web/20150510084001/http://www.independent.co.uk/news/world/middle-east/emir-of-qatar-profile-who-is-sheikh-hamad-bin-khalifa-al-thani-how-did-he-turn-qatar-into-the-worlds-richest-nation-and-why-has-he-decided-to-abdicate-8672997.html |url-status=live }}</ref> The French government has made of Qatar a strategic partner, and the list of partnerships between the two states includes ] (12%) ] (4%), ] (6%), ], ], ] (5%), ], ] (5%), ], Royal Monceau, ] and ].<ref name=":9" /><ref name=nobs>{{cite web |url=http://tempsreel.nouvelobs.com/l-enquete-de-l-obs/20130405.OBS6953/qatar-s-ils-pouvaient-ils-acheteraient-la-tour-eiffel.html |title=Qatar: "S'ils pouvaient, ils achèteraient la Tour Eiffel" |trans-title=Qatar: "If they could, they would buy the Eiffel Tower" |date=7 April 2013 |website=] |language=fr |access-date=7 September 2015 |archive-date=26 May 2023 |archive-url=https://web.archive.org/web/20230526145702/http://tempsreel.nouvelobs.com/l-enquete-de-l-obs/20130405.OBS6953/qatar-s-ils-pouvaient-ils-acheteraient-la-tour-eiffel.html |url-status=live }}</ref><ref name=lem>{{cite news |url=http://www.lemonde.fr/proche-orient/article/2009/02/21/la-france-accorde-une-exoneration-d-impots-aux-avoirs-du-qatar_1158582_3218.html |title=La France accorde une exonération d'impôts aux avoirs du Qatar |trans-title=France grants tax exemption to Qatari assets |first=Patrick |last=Roger |date=21 February 2009 |newspaper=] |language=fr |access-date=7 September 2015 |archive-date=1 July 2018 |archive-url=https://web.archive.org/web/20180701064323/https://www.lemonde.fr/proche-orient/article/2009/02/21/la-france-accorde-une-exoneration-d-impots-aux-avoirs-du-qatar_1158582_3218.html |url-status=live }}</ref> In February 2009, France accorded special beyond-] investment privileges to Qatar and its ]; one example is ]s exemptions in France.<ref name=lem/> The QIA is also reported to hold part of ].<ref name=alj/>


On 8 May 2010, Qatar Holding, an indirect subsidiary of QIA, purchased the ] from ], including the ] department store.<ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/8669657.stm |title=Mohammed Al Fayed sells Harrods store to Qatar Holdings |date=8 May 2010 |work=] |access-date=8 May 2010}}</ref> QIA are also the largest shareholder in ].<ref>{{cite web |url=http://www.j-sainsbury.co.uk/investor-centre/share-price/major-shareholders |title=Major Shareholders |website=Sainsburys |access-date=15 March 2013}}</ref> On 3 December 2010, Qatar Investment Authority, along with ] and ], was part of an investment group known as ], which purchased ] from ].<ref>{{cite news |url=https://www.bbc.co.uk/news/business-10814344 |title=Disney sells Miramax film studios |work=] |date=30 July 2010}}</ref> On 8 May 2010, Qatar Holding, an indirect subsidiary of QIA, purchased the ] from ], including the ] department store.<ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/8669657.stm |title=Mohammed Al Fayed sells Harrods store to Qatar Holdings |date=8 May 2010 |work=] |access-date=8 May 2010 |archive-date=11 August 2017 |archive-url=https://web.archive.org/web/20170811220505/http://news.bbc.co.uk/1/hi/business/8669657.stm |url-status=live }}</ref> QIA are also the largest shareholder in ].<ref>{{cite web |url=http://www.j-sainsbury.co.uk/investor-centre/share-price/major-shareholders |title=Major Shareholders |website=Sainsburys |access-date=15 March 2013 |archive-date=13 December 2013 |archive-url=https://web.archive.org/web/20131213061116/http://www.j-sainsbury.co.uk/investor-centre/share-price/major-shareholders |url-status=live }}</ref> On 3 December 2010, Qatar Investment Authority, along with ] and ], was part of an investment group known as ], which purchased ] from ].<ref>{{cite news |url=https://www.bbc.co.uk/news/business-10814344 |title=Disney sells Miramax film studios |work=] |date=30 July 2010 |access-date=20 June 2018 |archive-date=5 September 2022 |archive-url=https://web.archive.org/web/20220905071852/https://www.bbc.co.uk/news/business-10814344 |url-status=live }}</ref>


In February 2012, it completed the acquisition of ]'s headquarters in London. QIA holds a 6% stake in Credit Suisse and owns shares in Apeldoorn, the majority owner of ]. Qatari Diar, a property arm of the fund, along with Canary Wharf, won a £300mn deal to redevelop the Shell Centre in London, the former London headquarters of ].<ref>{{cite news |url=http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=487958&version=1&template_id=57&parent_id=56 |title=News |newspaper=Gulf Times |url-status=dead |archive-url=https://www.webcitation.org/5msWme5H2?url=http://www.gulf-times.com/site/topics/article.asp?cu_no=2 |archive-date=18 January 2010}} {{dead link|date=September 2016|bot=medic}}{{cbignore|bot=medic}}</ref> The French government has offered tax exemptions for Qatari real estate investments in the country and have acquired almost $4 billion of property.<ref name="Sayare"/> In May 2012, it acquired a stake below 3% in ]. It has announced a plan to raise its stake to 7%.<ref name=upstream070912>{{cite news |url=http://www.upstreamonline.com/live/article1265018.ece |title=Report: Qatar eyes largest piece of Shell |date=7 September 2012 |newspaper=] |access-date=8 September 2012}}</ref> In late 2012 Qatar Sports Investments (QSI) completed a buyout of the French football club ] (P.S.G.), which valued the club at $130 million.<ref name="Sayare">{{cite news |url=https://www.nytimes.com/2012/10/27/sports/soccer/with-paris-saint-germain-qatar-is-a-player-in-french-sports.html |title=Qatar Becoming a Player in French Sports |last=Sayare |first=Scott |date=27 October 2012 |work=The New York Times |page=1}}</ref> QSI invested a further $340 million in the club, they had bought the ] team the previous year.<ref name="Sayare"/> The Qatari president of P.S.G., ] is also the director of Qatari owned television network ], which launched French television channels ]. Qatar has also offered to finance social programs in French suburbs, which has attracted criticism.<ref name="Sayare"/> In February 2012, it completed the acquisition of ]'s headquarters in London. QIA holds a 6% stake in Credit Suisse and owns shares in Apeldoorn, the majority owner of ]. Qatari Diar, a property arm of the fund, along with Canary Wharf, won a £300mn deal to redevelop the Shell Centre in London, the former London headquarters of ].<ref>{{cite news |url=http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=487958&version=1&template_id=57&parent_id=56 |title=News |newspaper=Gulf Times |url-status=dead |archive-url=https://web.archive.org/web/20100314010728/http://www.gulf-times.com/site/topics/article.asp?cu_no=2 |archive-date=14 March 2010}}</ref> The French government has offered tax exemptions for Qatari real estate investments in the country and have acquired almost $4 billion of property.<ref name="Sayare"/> In May 2012, it acquired a stake below 3% in ]. It has announced a plan to raise its stake to 7%.<ref name=upstream070912>{{cite news |url=http://www.upstreamonline.com/live/article1265018.ece |title=Report: Qatar eyes largest piece of Shell |date=7 September 2012 |newspaper=] |access-date=8 September 2012 |archive-date=31 March 2016 |archive-url=https://web.archive.org/web/20160331033153/http://www.upstreamonline.com/live/article1265018.ece |url-status=live }}</ref> In late 2012 Qatar Sports Investments (QSI) completed a buyout of the French football club ] (P.S.G.), which valued the club at $130 million.<ref name="Sayare">{{cite news |url=https://www.nytimes.com/2012/10/27/sports/soccer/with-paris-saint-germain-qatar-is-a-player-in-french-sports.html |title=Qatar Becoming a Player in French Sports |last=Sayare |first=Scott |date=27 October 2012 |work=The New York Times |page=1 |access-date=23 February 2017 |archive-date=3 August 2020 |archive-url=https://web.archive.org/web/20200803114654/https://www.nytimes.com/2012/10/27/sports/soccer/with-paris-saint-germain-qatar-is-a-player-in-french-sports.html |url-status=live }}</ref> QSI invested a further $340 million in the club, they had bought the ] team the previous year.<ref name="Sayare"/> The Qatari president of P.S.G., ] is also the director of Qatari owned television network ], which launched French television channels ]. Qatar has also offered to finance social programs in French suburbs, which has attracted criticism.<ref name="Sayare"/>


In November 2012, QIA and ] signed the starting agreement of IQ Made in Italy Venture, a four-year cooperation to promote ] in Qatar's Arabic partners and to push them to invest in Italian economic sectors like fashion, luxury, design, food, tourism, lifestyle & leisure,<ref>{{cite web |url=https://www.econostrum.info/Le-Qatar-soutient-financierement-le-made-in-Italy_a12678.html |title=Le Qatar soutient financièrement le "made in Italy" |trans-title=Qatar financially supports "made in Italy" |first=Christiane |last=Navas |date=November 21, 2012 |website=EconoStrum |language=fr |access-date=May 29, 2021}}</ref><ref>{{cite web |url=https://www.aspeninstitute.it/interesse-nazionale/articolo/la-settimana-17-23-novembre |title=La settimana 17 - 23 novembre |date=November 23, 2012 |website=Aspen Institute Italia |language=it}}</ref><ref>{{cite web |url=http://www.italianinsider.it/?q=node/3571 |title=FSI Investmenti at cutting edge of Arab-Italian ventures |first1=Lorenzo |last1=Sorbini |date=January 24, 2016 |website=The Italian Insider}}</ref> and ].<ref>{{cite web |url=https://archive.today/4rauS |title=Weapons Lobby, UK & Italy in Hands of Qatar's Muslim Brotherhood: Rothschild Partner and Jihadists' Funder |date=January 23, 2020 |first1=Fabio Giuseppe Carlo |last1=Carisio |website=Veterans Today |access-date=May 29, 2021}}</ref> In November 2012, QIA and ] signed the starting agreement of IQ Made in Italy Venture, a four-year cooperation to promote ] in Qatar's Arabic partners and to push them to invest in Italian economic sectors like fashion, luxury, design, food, tourism, lifestyle & leisure.<ref>{{cite web |url=https://www.econostrum.info/Le-Qatar-soutient-financierement-le-made-in-Italy_a12678.html |title=Le Qatar soutient financièrement le "made in Italy" |trans-title=Qatar financially supports "made in Italy" |first=Christiane |last=Navas |date=November 21, 2012 |website=EconoStrum |language=fr |access-date=May 29, 2021 |archive-date=2 June 2021 |archive-url=https://web.archive.org/web/20210602214621/https://www.econostrum.info/Le-Qatar-soutient-financierement-le-made-in-Italy_a12678.html |url-status=live }}</ref><ref>{{cite web |url=https://www.aspeninstitute.it/interesse-nazionale/articolo/la-settimana-17-23-novembre |title=La settimana 17 - 23 novembre |date=November 23, 2012 |website=Aspen Institute Italia |language=it |access-date=29 May 2021 |archive-date=29 May 2021 |archive-url=https://web.archive.org/web/20210529122637/https://www.aspeninstitute.it/interesse-nazionale/articolo/la-settimana-17-23-novembre |url-status=live }}</ref><ref>{{cite web |url=http://www.italianinsider.it/?q=node/3571 |title=FSI Investmenti at cutting edge of Arab-Italian ventures |first1=Lorenzo |last1=Sorbini |date=January 24, 2016 |website=The Italian Insider |access-date=29 May 2021 |archive-date=3 April 2024 |archive-url=https://web.archive.org/web/20240403043609/https://www.italianinsider.it/?q=node/3571 |url-status=live }}</ref>


In January 2013, Qatar Holding, an indirect subsidiary of QIA, said it would invest $5 billion into petrochemical projects in ] in three to four years. The investment was said to help Malaysia compete with neighbouring ] to become the region's top petrochemical hub.<ref>{{Cite news |url=http://investvine.com/qatar-to-invest-5b-in-malaysia/ |title=Qatar to invest $5b in Malaysia projects |date=29 January 2013 |work=Investvine |access-date=1 February 2013}}</ref> The QIA was planning to invest $200 million in residential property in ] through Kotak Realty Fund in late December 2013.<ref>{{cite news |url=http://www.livemint.com/Politics/7aLG7xylvlQUhPPrbaf34N/Qatar-Fund-in-talks-to-invest-200-million-in-Indian-realty.html |title=Qatar Fund in talks to invest $200 million in Indian realty |first=Aditi |last=Shah |date=24 December 2013 |work=Live Mint |location=Mumbai |access-date=30 December 2013}}</ref> In August 2018, Qatar Investment Authority signed Memorandum of Understanding (MoU) to invest up to $500mn in tourism in ].<ref>{{cite news |url=https://www.gulf-times.com/story/601465/QIA-to-invest-500mn-in-Indonesia-tourism |title=QIA to invest $500mn in Indonesia tourism |date=1 August 2018 |newspaper=Gulf Times |access-date=27 December 2018}}</ref> In January 2013, Qatar Holding, an indirect subsidiary of QIA, said it would invest $5 billion into petrochemical projects in ] in three to four years. The investment was said to help Malaysia compete with neighbouring ] to become the region's top petrochemical hub.<ref>{{Cite news |url=http://investvine.com/qatar-to-invest-5b-in-malaysia/ |title=Qatar to invest $5b in Malaysia projects |date=29 January 2013 |work=Investvine |access-date=1 February 2013 |archive-date=31 January 2013 |archive-url=https://web.archive.org/web/20130131221415/http://investvine.com/qatar-to-invest-5b-in-malaysia/ |url-status=dead }}</ref> The QIA was planning to invest $200 million in residential property in ] through Kotak Realty Fund in late December 2013.<ref>{{cite news |url=http://www.livemint.com/Politics/7aLG7xylvlQUhPPrbaf34N/Qatar-Fund-in-talks-to-invest-200-million-in-Indian-realty.html |title=Qatar Fund in talks to invest $200 million in Indian realty |first=Aditi |last=Shah |date=24 December 2013 |work=Live Mint |location=Mumbai |access-date=30 December 2013 |archive-date=27 December 2013 |archive-url=https://web.archive.org/web/20131227061939/http://www.livemint.com/Politics/7aLG7xylvlQUhPPrbaf34N/Qatar-Fund-in-talks-to-invest-200-million-in-Indian-realty.html |url-status=live }}</ref> In August 2018, Qatar Investment Authority signed Memorandum of Understanding (MoU) to invest up to $500mn in tourism in ].<ref>{{cite news |url=https://www.gulf-times.com/story/601465/QIA-to-invest-500mn-in-Indonesia-tourism |title=QIA to invest $500mn in Indonesia tourism |date=1 August 2018 |newspaper=Gulf Times |access-date=27 December 2018 |archive-date=27 December 2018 |archive-url=https://web.archive.org/web/20181227230642/https://www.gulf-times.com/story/601465/QIA-to-invest-500mn-in-Indonesia-tourism |url-status=live }}</ref>


In October 2014 Qatar Investment Authority signed an agreement with ] Corp to launch a $10 billion fund to invest in ]<ref>{{cite news |url=https://in.reuters.com/article/qatar-china-sovereign-wealth/qatars-wealth-fund-to-launch-10-billion-investment-fund-with-chinas-citic-idINKBN0IO0QU20141104 |title=Qatar's wealth fund to launch $10 billion investment fund with China's CITIC |first=Jake |last=Spring |date=4 November 2014 |work=Reuters |access-date=4 November 2014}}</ref> The QIA announced its intention to invest $35b in the ] during the next five years, starting in September 2015.<ref>{{cite web |url=http://www.albawaba.com/business/qatar-investment-authority-sovereign-wealth-fund-$35b-new-york-office-749232 |title=Qatar: with London under its belt, QIA sets its sights on The Big Apple |date=30 September 2015 |website=Al Bawaba |access-date=30 September 2015}}</ref> In October 2014 Qatar Investment Authority signed an agreement with ] Corp to launch a $10 billion fund to invest in ].<ref>{{cite news |url=https://in.reuters.com/article/qatar-china-sovereign-wealth/qatars-wealth-fund-to-launch-10-billion-investment-fund-with-chinas-citic-idINKBN0IO0QU20141104 |title=Qatar's wealth fund to launch $10 billion investment fund with China's CITIC |first=Jake |last=Spring |date=4 November 2014 |work=Reuters |access-date=4 November 2014 |archive-date=23 March 2018 |archive-url=https://web.archive.org/web/20180323155642/https://in.reuters.com/article/qatar-china-sovereign-wealth/qatars-wealth-fund-to-launch-10-billion-investment-fund-with-chinas-citic-idINKBN0IO0QU20141104 |url-status=dead }}</ref> The QIA announced its intention to invest $35b in the ] during the next five years, starting in September 2015.<ref>{{cite web |url=http://www.albawaba.com/business/qatar-investment-authority-sovereign-wealth-fund-$35b-new-york-office-749232 |title=Qatar: with London under its belt, QIA sets its sights on The Big Apple |date=30 September 2015 |website=Al Bawaba |access-date=30 September 2015 |archive-date=1 October 2015 |archive-url=https://web.archive.org/web/20151001050700/http://www.albawaba.com/business/qatar-investment-authority-sovereign-wealth-fund-$35b-new-york-office-749232 |url-status=live }}</ref>


Via Mannai Corporation, it is currently in a process of acquiring the French computer science group GFI.<ref>{{cite web |url=http://www.lemondeinformatique.fr/actualites/lire-gfi-bientot-rachete-par-les-qataris-de-mannai-corporation-63049.html |title=GFI bientôt racheté par les Qataris de Mannai Corporation |trans-title=GFI soon to be acquired by Qataris from Mannai Corporation |language=fr |first=Dominique |last=Filippone |date=23 November 2015 |website=Le Monde Informatique}}</ref> In 2021, QIA with its subsidiary unit - Locus Engineering Management and Services Co. W.L.L. is investing in a sub-Saharan African renewable energy platform being led by Enel Green Power.<ref>{{cite web |url=https://www.swfinstitute.org/news/83561/enel-and-qatar-investment-authority-partner-on-developing-renewables-in-sub-saharan-africa |title=Enel and Qatar Investment Authority Partner on Developing Renewables in Sub-Saharan Africa |date=7 January 2021 |website=Sovereign Wealth Fund Institute |access-date=7 January 2021}}</ref> Via Mannai Corporation, it is currently in a process of acquiring the French computer science group GFI.<ref>{{cite web |url=http://www.lemondeinformatique.fr/actualites/lire-gfi-bientot-rachete-par-les-qataris-de-mannai-corporation-63049.html |title=GFI bientôt racheté par les Qataris de Mannai Corporation |trans-title=GFI soon to be acquired by Qataris from Mannai Corporation |language=fr |first=Dominique |last=Filippone |date=23 November 2015 |website=Le Monde Informatique |access-date=8 December 2015 |archive-date=8 December 2015 |archive-url=https://web.archive.org/web/20151208224540/http://www.lemondeinformatique.fr/actualites/lire-gfi-bientot-rachete-par-les-qataris-de-mannai-corporation-63049.html |url-status=live }}</ref> In 2021, QIA with its subsidiary unit - Locus Engineering Management and Services Co. W.L.L. is investing in a sub-Saharan African renewable energy platform being led by Enel Green Power.<ref>{{cite web |url=https://www.swfinstitute.org/news/83561/enel-and-qatar-investment-authority-partner-on-developing-renewables-in-sub-saharan-africa |title=Enel and Qatar Investment Authority Partner on Developing Renewables in Sub-Saharan Africa |date=7 January 2021 |website=Sovereign Wealth Fund Institute |access-date=7 January 2021 |archive-date=7 January 2021 |archive-url=https://web.archive.org/web/20210107185748/https://www.swfinstitute.org/news/83561/enel-and-qatar-investment-authority-partner-on-developing-renewables-in-sub-saharan-africa |url-status=live }}</ref>


During the 2021 St Petersburg Economic Forum, Sheikh ] highlighted ]'s solid historic relations with ] and announced that his country will increase investments in the Russian Federation. He also called on ]'s private sector and the world to explore ]'s promising business environment in many projects and several spheres.<ref>{{cite news |url=https://www.plenglish.com/news/2021/06/05/qatar-to-increase-investments-in-russia/ |title=Qatar to increase investments in Russia |date=5 June 2021 |work=]}}</ref> In March 2021, QIA became a minority investor in ], the cloud-based search, recommendations, and personalization company.<ref>{{Cite web |url=https://www.coveo.com/en/company/news-releases/2021/coveo-welcomes-global-investor-qia-to-its-shareholder-base |title=Coveo Welcomes Global Investor QIA to Its Shareholder Base |date=March 31, 2021 |website=Coveo |language=en |access-date=2021-09-08}}</ref> During the 2021 St Petersburg Economic Forum, Sheikh ] highlighted ]'s solid historic relations with ] and announced that his country will increase investments in the Russian Federation. He also called on ]'s private sector and the world to explore ]'s promising business environment in many projects and several spheres.<ref>{{cite news |url=https://www.plenglish.com/news/2021/06/05/qatar-to-increase-investments-in-russia/ |title=Qatar to increase investments in Russia |date=5 June 2021 |work=] |access-date=23 April 2022 |archive-date=23 April 2022 |archive-url=https://web.archive.org/web/20220423164053/https://www.plenglish.com/news/2021/06/05/qatar-to-increase-investments-in-russia/ |url-status=live }}</ref> In March 2021, QIA became a minority investor in ], the cloud-based search, recommendations, and personalization company.<ref>{{Cite web |url=https://www.coveo.com/en/company/news-releases/2021/coveo-welcomes-global-investor-qia-to-its-shareholder-base |title=Coveo Welcomes Global Investor QIA to Its Shareholder Base |date=March 31, 2021 |website=Coveo |language=en |access-date=2021-09-08 |archive-date=8 September 2021 |archive-url=https://web.archive.org/web/20210908203412/https://www.coveo.com/en/company/news-releases/2021/coveo-welcomes-global-investor-qia-to-its-shareholder-base |url-status=live }}</ref>


On 23 January 2023, Qatar Investment Authority has doubled its stake in ], becoming the second-biggest shareholder and underlining the growing importance of Middle Eastern investors to the ailing Swiss bank.<ref>{{Cite news |date=2023-01-23 |title=Qatar Investment Authority doubles stake in Credit Suisse |work=Financial Times |url=https://www.ft.com/content/105546bf-3e41-4163-b51c-8f76a85a71a7 |access-date=2023-02-08}}</ref><ref>{{Cite web |title=Qatar Investment Authority raises stake in Credit Suisse to just under 7 per cent {{!}} Cyprus Mail |url=https://cyprus-mail.com/2023/01/24/qatar-investment-authority-raises-stake-in-credit-suisse-to-just-under-7-per-cent/ |access-date=2023-02-08 |website=cyprus-mail.com/ |language=en-GB}}</ref> On 23 January 2023, Qatar Investment Authority has doubled its stake in ], becoming the second-biggest shareholder and underlining the growing importance of Middle Eastern investors to the ailing Swiss bank.<ref>{{Cite news |date=2023-01-23 |title=Qatar Investment Authority doubles stake in Credit Suisse |work=Financial Times |url=https://www.ft.com/content/105546bf-3e41-4163-b51c-8f76a85a71a7 |access-date=2023-02-08 |archive-date=8 February 2023 |archive-url=https://web.archive.org/web/20230208114456/https://www.ft.com/content/105546bf-3e41-4163-b51c-8f76a85a71a7 |url-status=live }}</ref><ref>{{Cite web |title=Qatar Investment Authority raises stake in Credit Suisse to just under 7 per cent {{!}} Cyprus Mail |url=https://cyprus-mail.com/2023/01/24/qatar-investment-authority-raises-stake-in-credit-suisse-to-just-under-7-per-cent/ |access-date=2023-02-08 |website=cyprus-mail.com/ |date=24 January 2023 |language=en-GB |archive-date=8 February 2023 |archive-url=https://web.archive.org/web/20230208114522/https://cyprus-mail.com/2023/01/24/qatar-investment-authority-raises-stake-in-credit-suisse-to-just-under-7-per-cent/ |url-status=live }}</ref>

In June 2024, '']'' wrote that QIA had agreed to buy a 10% stake in ] and was awaiting approval by Chinese regulators.<ref>{{Cite news |last1=Shen |first1=Samuel |last2=Li |first2=Selena |date=June 4, 2024 |title=Exclusive: Qatar Sovereign Fund Agrees to Buy 10% Stake in China Asset Manager, Sources Say |url=https://www.reuters.com/world/middle-east/qatar-sovereign-fund-agrees-buy-10-stake-china-asset-manager-sources-say-2024-06-04/ |work=]}}</ref>


==Qatari Diar== ==Qatari Diar==
] ]
Qatari Diar is a ] company established by the Qatar Investment Authority in 2005 with headquarters in ]. Qatari Diar is a ] company established by the Qatar Investment Authority in 2005 with headquarters in Lusail.


By 2011 the company had stakes in ], a firm employing 183,000 in 100 countries; in the utility ] and in ] (4.6%, sold in 2018).<ref>{{cite news |url=http://www.ft.com/cms/s/0/568548aa-c358-11e1-ad80-00144feabdc0.html#axzz2KiYGJ52Z |title=Qatari investors near French hotels deal |last=Daneshku |first=Scheherazade |date=July 2012 |newspaper=Financial Times |access-date=12 February 2013}}</ref> That same year Qatari Diar bought the Port Tarraco Marina in Tarragona, Spain.<ref>{{cite web |url=http://www.charterworld.com/news/qatari-diar-buys-port-tarraco-marina-tarragona-spain |title=Qatari Diar buys super yacht marina Port Tarraco Marina in Tarragona, Spain |first=Chelsea |last=Smith |date=July 15, 2011 |website=Charter World}}</ref> By 2011 the company had stakes in ], a firm employing 183,000 in 100 countries; in the utility ] and in ] (4.6%, sold in 2018).<ref>{{cite news |url=http://www.ft.com/cms/s/0/568548aa-c358-11e1-ad80-00144feabdc0.html#axzz2KiYGJ52Z |title=Qatari investors near French hotels deal |last=Daneshku |first=Scheherazade |date=July 2012 |newspaper=Financial Times |access-date=12 February 2013 |archive-date=28 January 2013 |archive-url=https://web.archive.org/web/20130128052712/http://www.ft.com/cms/s/0/568548aa-c358-11e1-ad80-00144feabdc0.html#axzz2KiYGJ52Z |url-status=live }}</ref> That same year Qatari Diar bought the Port Tarraco Marina in Tarragona, Spain.<ref>{{cite web |url=http://www.charterworld.com/news/qatari-diar-buys-port-tarraco-marina-tarragona-spain |title=Qatari Diar buys super yacht marina Port Tarraco Marina in Tarragona, Spain |first=Chelsea |last=Smith |date=July 15, 2011 |website=Charter World |access-date=1 December 2014 |archive-date=11 March 2015 |archive-url=https://web.archive.org/web/20150311101143/http://www.charterworld.com/news/qatari-diar-buys-port-tarraco-marina-tarragona-spain |url-status=live }}</ref>
Early in 2012 the company had 49 projects in the planning or development stage in Qatar and in 29 countries around the world.<ref>{{cite web |url=http://www.qataridiar.com/English/WhoWeAre/Pages/Company-Profile.aspx |title=About |website=Qatari Diar |access-date=12 February 2013}}</ref> Early in 2012 the company had 49 projects in the planning or development stage in Qatar and in 29 countries around the world.<ref>{{cite web |url=http://www.qataridiar.com/English/WhoWeAre/Pages/Company-Profile.aspx |title=About |website=Qatari Diar |access-date=12 February 2013 |archive-date=18 February 2013 |archive-url=https://web.archive.org/web/20130218073636/http://www.qataridiar.com/English/WhoWeAre/Pages/Company-Profile.aspx |url-status=live }}</ref>
The company owns ], a skyscraper in London designed by ] and the publicly funded Olympic village also known as ];<ref>{{cite news |url=https://www.theguardian.com/artanddesign/2013/feb/12/london-shard-city-leftwing?CMP=twt_gu |title=The Shard: beacon of the left's skyline |last=Hatherley |first=Owen |date=2013-02-12 |newspaper=The Guardian |access-date=12 February 2013}}</ref> and the former Royal Dutch Shell plc headquarters.<ref>{{cite news |url=http://www.btimes.com.my/Current_News/BTIMES/articles/20130129234532/Article/index_html |title=Qatar Holding plans to invest in Pengerang |last=Kaur |first=Sharen |date=2013-01-29 |newspaper=] |access-date=12 February 2013}}{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes}}</ref> The company owns ], a skyscraper in London designed by ] and the publicly funded Olympic village also known as ];<ref>{{cite news |url=https://www.theguardian.com/artanddesign/2013/feb/12/london-shard-city-leftwing?CMP=twt_gu |title=The Shard: beacon of the left's skyline |last=Hatherley |first=Owen |date=2013-02-12 |newspaper=The Guardian |access-date=12 February 2013 |archive-date=3 April 2015 |archive-url=https://web.archive.org/web/20150403230532/http://www.theguardian.com/artanddesign/2013/feb/12/london-shard-city-leftwing?CMP=twt_gu |url-status=live }}</ref> and the former Royal Dutch Shell plc headquarters.<ref>{{cite news |url=http://www.btimes.com.my/Current_News/BTIMES/articles/20130129234532/Article/index_html |title=Qatar Holding plans to invest in Pengerang |last=Kaur |first=Sharen |date=2013-01-29 |newspaper=] |access-date=12 February 2013}}{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes}}</ref>
In January 2013 it became known that the company had put on hold a redevelopment project of ] worth around GBP 3 billion.<ref>{{cite news |url=https://www.independent.co.uk/news/uk/home-news/3-billion-qatari-diar-redevelopment-of-chelsea-barracks-put-on-hold-as-uk-economy-stalls-8470601.html |title=£3 billion Qatari Diar redevelopment of Chelsea Barracks put on hold as UK economy stalls |last=Milmo |first=Cahal |date=2013-01-28 |work=The Independent |access-date=12 February 2013}}</ref> During the same month Qatari Diar pulled out of the bidding for the development of the site of Athens' former international airport ].<ref>{{cite web |url=http://greece.greekreporter.com/2013/01/16/qatar-gives-up-on-hellenikon-bid/ |title=Qatar Gives Up on Hellenikon Bid |last=Dabilis |first=Andy |date=16 January 2013 |website=] |access-date=12 February 2013}}</ref> In January 2013 it became known that the company had put on hold a redevelopment project of ] worth around GBP 3 billion.<ref>{{cite news |url=https://www.independent.co.uk/news/uk/home-news/3-billion-qatari-diar-redevelopment-of-chelsea-barracks-put-on-hold-as-uk-economy-stalls-8470601.html |title=£3 billion Qatari Diar redevelopment of Chelsea Barracks put on hold as UK economy stalls |last=Milmo |first=Cahal |date=2013-01-28 |work=The Independent |access-date=12 February 2013 |archive-date=31 January 2013 |archive-url=https://web.archive.org/web/20130131120220/http://www.independent.co.uk/news/uk/home-news/3-billion-qatari-diar-redevelopment-of-chelsea-barracks-put-on-hold-as-uk-economy-stalls-8470601.html |url-status=live }}</ref> During the same month Qatari Diar pulled out of the bidding for the development of the site of Athens' former international airport ].<ref>{{cite web |url=http://greece.greekreporter.com/2013/01/16/qatar-gives-up-on-hellenikon-bid/ |title=Qatar Gives Up on Hellenikon Bid |last=Dabilis |first=Andy |date=16 January 2013 |website=] |access-date=12 February 2013 |archive-date=30 January 2013 |archive-url=https://web.archive.org/web/20130130104720/http://greece.greekreporter.com/2013/01/16/qatar-gives-up-on-hellenikon-bid/ |url-status=live }}</ref>


Mayor ] (District of Columbia) announced in early 2013 that he will travel to Qatar to promote the flow of global capital to the district. Qatari Diar is said to back ] with around US$700 million.<ref>{{cite news |url=http://www.bizjournals.com/washington/blog/2013/02/gray-eyes-procurement-regulatory.html?page=all |title=Gray eyes procurement, regulatory reforms in State of the District |last=Neibauer |first=Michael |date=February 6, 2013 |work=] |access-date=12 February 2013}}</ref> Mayor ] (District of Columbia) announced in early 2013 that he will travel to Qatar to promote the flow of global capital to the district. Qatari Diar is said to back ] with around US$700 million.<ref>{{cite news |url=http://www.bizjournals.com/washington/blog/2013/02/gray-eyes-procurement-regulatory.html?page=all |title=Gray eyes procurement, regulatory reforms in State of the District |last=Neibauer |first=Michael |date=February 6, 2013 |work=] |access-date=12 February 2013 |archive-date=26 October 2014 |archive-url=https://web.archive.org/web/20141026160138/http://www.bizjournals.com/washington/blog/2013/02/gray-eyes-procurement-regulatory.html?page=all |url-status=live }}</ref>
Representatives of Qatari Diar attended an investment conference hosted by the Peruvian Foreign Investment Authority.<ref>{{cite web |url=http://www.andina.com.pe/Ingles/noticia-perus-investment-opportunities-attracts-qatars-firms-443354.aspx |title=Peru's investment opportunities attracts Qatar's firms |date=January 14, 2013 |website=] |access-date=12 February 2013}}</ref> Representatives of Qatari Diar attended an investment conference hosted by the Peruvian Foreign Investment Authority.<ref>{{cite web |url=http://www.andina.com.pe/Ingles/noticia-perus-investment-opportunities-attracts-qatars-firms-443354.aspx |title=Peru's investment opportunities attracts Qatar's firms |date=January 14, 2013 |website=] |access-date=12 February 2013 |archive-date=12 February 2018 |archive-url=https://web.archive.org/web/20180212203135/http://www.andina.com.pe/Ingles/noticia-perus-investment-opportunities-attracts-qatars-firms-443354.aspx |url-status=live }}</ref>


In April 2023, the company sold its 22 per cent stake in the build-to-rent developer Get Living, which owns the Olympic Village in East London.<ref name=":6">{{Cite news |last=Howard |first=Tom |title=Stake sale for Olympic village owner Get Living |language=en |url=https://www.thetimes.co.uk/article/stake-sale-for-olympic-village-owner-get-living-zs3nr6t6k |access-date=2023-04-03 |issn=0140-0460}}</ref> It sold its shares to ], an Australian pension fund.<ref name=":6" /> In April 2023, the company sold its 22 per cent stake in the build-to-rent developer Get Living, which owns the Olympic Village in East London.<ref name=":6">{{Cite news |last=Howard |first=Tom |title=Stake sale for Olympic village owner Get Living |newspaper=] |language=en |url=https://www.thetimes.co.uk/article/stake-sale-for-olympic-village-owner-get-living-zs3nr6t6k |access-date=2023-04-03 |issn=0140-0460 |archive-date=3 April 2023 |archive-url=https://web.archive.org/web/20230403205948/https://www.thetimes.co.uk/article/stake-sale-for-olympic-village-owner-get-living-zs3nr6t6k |url-status=live }}</ref> It sold its shares to ], an Australian pension fund.<ref name=":6" />


==Recent developments== ==Recent developments==



=== Harrods ===
British luxury department store Harrods was purchased by Qatar in May 2010.<ref name=control>{{cite web |url=https://beta.companieshouse.gov.uk/company/05990648/persons-with-significant-control |title=Persons with significant control |work=Companies House |access-date=2019-08-28 |archive-date=1 September 2019 |archive-url=https://web.archive.org/web/20190901224000/https://beta.companieshouse.gov.uk/company/05990648/persons-with-significant-control |url-status=live }}</ref><ref>{{cite news |last=Specia |first=Megan |title=Harrods Will Be Sued by Mohamed al-Fayed’s Alleged Victims, Lawyers Say |newspaper=The New York Times |url=https://www.nytimes.com/2024/09/20/world/europe/mohamed-al-fayed-harrods.html |date=20 September 2024 |access-date=1 November 2024 }}</ref> The sale was concluded in the early hours of 8 May, when ] ] came to London to finalise the deal, saying that the acquisition of Harrods would add "much value" to the investment portfolio of Qatar Holdings while his deputy, Hussain Ali Al-Abdulla, called it a "landmark transaction".<ref name="BBC">{{cite news|url=http://news.bbc.co.uk/1/hi/business/8669657.stm|title=Mohammed Fayed sells Harrods store to Qatar Holdings|date=8 May 2010|work=]|publisher=BBC|access-date=8 May 2010|archive-date=11 August 2017|archive-url=https://web.archive.org/web/20170811220505/http://news.bbc.co.uk/1/hi/business/8669657.stm|url-status=live}}</ref> A spokesman for Mohamed Al-Fayed said "in reaching the decision to retire, wished to ensure that the legacy and traditions that he has built up in Harrods would be continued."<ref name="BBC"/>

===Property Investments in London=== ===Property Investments in London===
Canary Wharf Group Investment Holdings, which is majority owned by Qatar Holdings, is London's largest property owner, with almost 21.5m sq ft of space on its books, according to data from the research firm Datscha.<ref name=qia>{{cite news |url=https://www.telegraph.co.uk/business/2017/03/17/qataris-london-queen/ |title=Qataris own more of London than the Queen |first=Rhiannon |last=Curry |date=17 March 2017 |newspaper=The Daily Telegraph |archive-url=https://web.archive.org/web/20220410124701/https://www.telegraph.co.uk/business/2017/03/17/qataris-london-queen/ |archive-date=10 April 2022 |url-status=live}}</ref> Canary Wharf Group Investment Holdings, which is majority owned by Qatar Holdings, is London's largest property owner, with almost 21.5m sq ft of space on its books, according to data from the research firm Datscha.<ref name=qia>{{cite news |url=https://www.telegraph.co.uk/business/2017/03/17/qataris-london-queen/ |title=Qataris own more of London than the Queen |first=Rhiannon |last=Curry |date=17 March 2017 |newspaper=The Daily Telegraph |archive-url=https://web.archive.org/web/20220410124701/https://www.telegraph.co.uk/business/2017/03/17/qataris-london-queen/ |archive-date=10 April 2022 |url-status=live}}</ref>
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===Heathrow Airport=== ===Heathrow Airport===
Qatar Investment Authority is a major shareholder in ], holding 20 percent of the airport. In 2017, the company invested a further 650 million pounds ($807 million).<ref>{{cite news |url=https://www.arabianbusiness.com/qatar-agrees-new-807m-investment-in-heathrow-airport-669118.html |title=Qatar agrees to new $807m investment in Heathrow airport |date=30 March 2017 |newspaper=] |access-date=27 December 2018}}</ref> Qatar Investment Authority is a major shareholder in ], holding 20 percent of the airport. In 2017, the company invested a further £650 million (US$807 million).<ref>{{cite news |url=https://www.arabianbusiness.com/qatar-agrees-new-807m-investment-in-heathrow-airport-669118.html |title=Qatar agrees to new $807m investment in Heathrow airport |date=30 March 2017 |newspaper=] |access-date=27 December 2018 |archive-date=28 December 2018 |archive-url=https://web.archive.org/web/20181228035058/https://www.arabianbusiness.com/qatar-agrees-new-807m-investment-in-heathrow-airport-669118.html |url-status=live }}</ref>


===Islamabad Airport=== ===Islamabad Airport===
QIA will be taking over Islamabad Airport in Pakistan.<ref>{{cite web | url=https://gulfnews.com/business/aviation/qatar-could-win-management-rights-to-pakistans-islamabad-airport-as-part-of-broader-deal-1.90261043?utm_source=projectagora&utm_medium=contentdiscovery | title=Qatar could win management rights to Pakistan's Islamabad airport as part of broader deal }}</ref> QIA will be taking over Islamabad Airport in Pakistan.<ref>{{cite web | url=https://gulfnews.com/business/aviation/qatar-could-win-management-rights-to-pakistans-islamabad-airport-as-part-of-broader-deal-1.90261043 | title=Qatar could win management rights to Pakistan's Islamabad airport as part of broader deal | date=September 2022 | access-date=19 September 2022 | archive-date=18 September 2022 | archive-url=https://web.archive.org/web/20220918203232/https://gulfnews.com/business/aviation/qatar-could-win-management-rights-to-pakistans-islamabad-airport-as-part-of-broader-deal-1.90261043 | url-status=live }}</ref>


===Volkswagen=== ===Volkswagen===
Bloomberg estimated that in September 2015 Qatar Investment Authority lost $5.9 billion on paper from its stakes in ] and ] after the carmaker admitted to using an illegal software to ] in the U.S.<ref name=":0">{{Cite web |url=https://www.bloomberg.com/news/articles/2015-09-28/qatar-fund-stands-to-lose-5-9-billion-on-vw-glencore-stakes |title=Qatar Fund Loses $5.9 Billion on Holdings in VW, Glencore |last=Stein |first=Charles |date=28 September 2015 |website=Bloomberg.com |access-date=13 April 2016}}</ref> By holding 17% of Volkswagen's ordinary stock and 13% of preferred shares, Qatar's sovereign-wealth fund is the third largest investor shareholder in the firm.<ref name=":0" /><ref>{{Cite web |url=http://www.ibtimes.co.uk/vw-scandal-qatar-investment-authority-suffers-heavy-loss-1521498 |title=VW scandal: Qatar Investment Authority suffers heavy loss |first=Kedar |last=Grandhi |date=2015-09-28 |website=] UK |access-date=13 April 2016}}</ref> Bloomberg estimated that in September 2015 Qatar Investment Authority lost $5.9 billion on paper from its stakes in ] and ] after the carmaker admitted to using an illegal software to ] in the U.S.<ref name=":0">{{Cite web |url=https://www.bloomberg.com/news/articles/2015-09-28/qatar-fund-stands-to-lose-5-9-billion-on-vw-glencore-stakes |title=Qatar Fund Loses $5.9 Billion on Holdings in VW, Glencore |last=Stein |first=Charles |date=28 September 2015 |website=Bloomberg.com |access-date=13 April 2016 |archive-date=21 March 2016 |archive-url=https://web.archive.org/web/20160321194904/http://www.bloomberg.com/news/articles/2015-09-28/qatar-fund-stands-to-lose-5-9-billion-on-vw-glencore-stakes |url-status=live }}</ref> By holding 17% of Volkswagen's ordinary stock and 13% of preferred shares, Qatar's sovereign-wealth fund is the third largest investor shareholder in the firm.<ref name=":0" /><ref>{{Cite web |url=http://www.ibtimes.co.uk/vw-scandal-qatar-investment-authority-suffers-heavy-loss-1521498 |title=VW scandal: Qatar Investment Authority suffers heavy loss |first=Kedar |last=Grandhi |date=2015-09-28 |website=] UK |access-date=13 April 2016 |archive-date=1 November 2015 |archive-url=https://web.archive.org/web/20151101093335/http://www.ibtimes.co.uk/vw-scandal-qatar-investment-authority-suffers-heavy-loss-1521498 |url-status=live }}</ref>


QIA is also the largest investor in Glencore (8.2%), a mining company. QIA is also the largest investor in Glencore (8.2%), a mining company.


===Barclays=== ===Barclays===
Since 2008 dealings between Qatar Holding LLC and Barclays were investigated by the Serious Fraud Office (SFO) for suspicious cash-raising practices during the global financial crisis.<ref name=":1">{{Cite web |url=http://www.ibtimes.co.uk/barclays-offered-deal-by-serious-fraud-office-over-qatar-probe-1511966 |title=Barclays 'offered deal' by Serious Fraud Office over Qatar probe |date=2015-07-22 |website=International Business Times UK |access-date=13 April 2016}}</ref> Allegedly, Barclays received €7.5 billion ($8.2 billion) cash injection from QIA's subsidiary but did not inform its shareholders.<ref name=":1" /> Barclays was charged with failing to act with integrity and breaching disclosure rules for UK listed companies.<ref name=":2">{{Cite web |url=http://stopterrorfinance.org/blog/510650865-qatar-barclays-big-game-hunting-leads-to-fca-penalties#sthash.5wjXX2gh.dpuf |title=Qatar & Barclays' Big Game Hunting Leads to FCA Penalties |date=2 December 2015 |author=CATF Reports |website=Consortium Against Terrorist Finance |access-date=13 April 2016 |url-status=dead |archive-url=https://web.archive.org/web/20161008030715/http://stopterrorfinance.org/stories/510650865-qatar-barclays-big-game-hunting-leads-to-fca-penalties |archive-date=February 15, 2017}}</ref> Since 2008 dealings between Qatar Holding LLC and Barclays were investigated by the Serious Fraud Office (SFO) for suspicious cash-raising practices during the global financial crisis.<ref name=":1">{{Cite web |url=http://www.ibtimes.co.uk/barclays-offered-deal-by-serious-fraud-office-over-qatar-probe-1511966 |title=Barclays 'offered deal' by Serious Fraud Office over Qatar probe |date=2015-07-22 |website=International Business Times UK |access-date=13 April 2016 |archive-date=1 April 2016 |archive-url=https://web.archive.org/web/20160401034828/http://www.ibtimes.co.uk/barclays-offered-deal-by-serious-fraud-office-over-qatar-probe-1511966 |url-status=live }}</ref> Allegedly, Barclays received €7.5 billion ($8.2 billion) cash injection from QIA's subsidiary but did not inform its shareholders.<ref name=":1" /> Barclays was charged with failing to act with integrity and breaching disclosure rules for UK listed companies.<ref name=":2">{{Cite web |url=http://stopterrorfinance.org/blog/510650865-qatar-barclays-big-game-hunting-leads-to-fca-penalties#sthash.5wjXX2gh.dpuf |title=Qatar & Barclays' Big Game Hunting Leads to FCA Penalties |date=2 December 2015 |author=CATF Reports |website=Consortium Against Terrorist Finance |access-date=13 April 2016 |url-status=dead |archive-url=https://web.archive.org/web/20161008030715/http://stopterrorfinance.org/stories/510650865-qatar-barclays-big-game-hunting-leads-to-fca-penalties |archive-date=8 October 2016}}</ref>


Moreover, in 2011 both the Serious Fraud Office and the Financial Conduct Authority (FCA) investigated Barclays' €2.4 billion ($2.7 billion) secret transaction with a Politically Exposed Person (PEP) from Qatar whose identity remains protected by the financial giant and FCA.<ref name=":2" /> In that case, Barclays failed to conduct "due skill, care, and diligence" at the base of Britain's anti-money laundering rules.<ref name=":3">{{Cite news |url=http://www.ft.com/cms/s/6ef6c5b4-9422-11e5-b190-291e94b77c8f,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F6ef6c5b4-9422-11e5-b190-291e94b77c8f.html&_i_referer=&classification=conditional_standard&iab=barrier-app |title=Secretive Barclays deal involved Qatari clients |last1=Dunkley |first1=Emma |last2=Binham |first2=Caroline |date=26 November 2015 |newspaper=Financial Times |issn=0307-1766 |access-date=13 April 2016}}</ref> As a result, the UK financial watchdog meted out a record €92 million ($104 million) penalty against the financial giant.<ref name=":3" /> Moreover, in 2011 both the Serious Fraud Office and the Financial Conduct Authority (FCA) investigated Barclays' €2.4 billion ($2.7 billion) secret transaction with a Politically Exposed Person (PEP) from Qatar whose identity remains protected by the financial giant and FCA.<ref name=":2" /> In that case, Barclays failed to conduct "due skill, care, and diligence" at the base of Britain's anti-money laundering rules.<ref name=":3">{{Cite news |url=http://www.ft.com/cms/s/6ef6c5b4-9422-11e5-b190-291e94b77c8f,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F6ef6c5b4-9422-11e5-b190-291e94b77c8f.html&_i_referer=&classification=conditional_standard&iab=barrier-app |title=Secretive Barclays deal involved Qatari clients |last1=Dunkley |first1=Emma |last2=Binham |first2=Caroline |date=26 November 2015 |newspaper=Financial Times |issn=0307-1766 |access-date=13 April 2016 |archive-date=23 April 2016 |archive-url=https://web.archive.org/web/20160423092459/http://www.ft.com/cms/s/6ef6c5b4-9422-11e5-b190-291e94b77c8f,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F6ef6c5b4-9422-11e5-b190-291e94b77c8f.html&_i_referer=&classification=conditional_standard&iab=barrier-app |url-status=live }}</ref> As a result, the UK financial watchdog meted out a record €92 million ($104 million) penalty against the financial giant.<ref name=":3" />


===Upsurge of Qatari investments in New York and D.C.=== ===Upsurge of Qatari investments in New York and D.C.===
In early 2015, the QIA announced its intent to "invest $35 billion in the U.S. over the next five years" in various sectors of the economy.<ref>{{Cite news |url=https://therealdeal.com/2015/09/28/qatar-plans-35b-in-u-s-investment-over-next-five-years/ |title=Qatar plans $35B in US investment over next five years |first=Rey |last=Mashayekhi |date=28 September 2015 |work=] |access-date=20 January 2017}}</ref> ], chief executive of QIA, told U.S. officials in December 2016 that it plans to invest $10 billion in infrastructure projects inside the U.S., although he specified no time frame. It is unclear whether this amount is intended to be part of the previously mentioned $35 billion, or if it is a new initiative.<ref>{{Cite news |url=http://www.businessinsider.com/qatar-to-invest-10-billion-in-us-infrastructure-2016-12 |title=Qatar plans to invest $10 billion in US infrastructure |first=Tom |last=Finn |date=December 13, 2016 |newspaper=Business Insider |language=en |access-date=20 January 2017}}</ref> In early 2015, the QIA announced its intent to "invest $35 billion in the U.S. over the next five years" in various sectors of the economy.<ref>{{Cite news |url=https://therealdeal.com/2015/09/28/qatar-plans-35b-in-u-s-investment-over-next-five-years/ |title=Qatar plans $35B in US investment over next five years |first=Rey |last=Mashayekhi |date=28 September 2015 |work=] |access-date=20 January 2017 |archive-date=2 February 2017 |archive-url=https://web.archive.org/web/20170202000215/https://therealdeal.com/2015/09/28/qatar-plans-35b-in-u-s-investment-over-next-five-years/ |url-status=live }}</ref> ], chief executive of QIA, told U.S. officials in December 2016 that it plans to invest $10 billion in infrastructure projects inside the U.S., although he specified no time frame. It is unclear whether this amount is intended to be part of the previously mentioned $35 billion, or if it is a new initiative.<ref>{{Cite news |url=http://www.businessinsider.com/qatar-to-invest-10-billion-in-us-infrastructure-2016-12 |title=Qatar plans to invest $10 billion in US infrastructure |first=Tom |last=Finn |date=December 13, 2016 |newspaper=Business Insider |language=en |access-date=20 January 2017 |archive-date=28 January 2017 |archive-url=https://web.archive.org/web/20170128161525/http://www.businessinsider.com/qatar-to-invest-10-billion-in-us-infrastructure-2016-12? |url-status=live }}</ref>


====New York==== ====New York====
QIA has purchased $3.78 billion in Manhattan properties since 2014, including 111 West 33rd Street, 501 Seventh Avenue and 250 West 57th Street.<ref>{{Cite news |url=http://therealdeal.com/issues_articles/qatars-new-nyc-strategy/ |title=Qatar's new NYC strategy |first=Katherine |last=Clarke |date=October 1, 2016 |newspaper=The Real Deal |language=en-US |access-date=20 January 2017}}</ref> QIA has purchased $3.78 billion in Manhattan properties since 2014, including 111 West 33rd Street, 501 Seventh Avenue and 250 West 57th Street.<ref>{{Cite news |url=http://therealdeal.com/issues_articles/qatars-new-nyc-strategy/ |title=Qatar's new NYC strategy |first=Katherine |last=Clarke |date=October 1, 2016 |newspaper=The Real Deal |language=en-US |access-date=20 January 2017 |archive-date=6 November 2016 |archive-url=https://web.archive.org/web/20161106045523/http://therealdeal.com/issues_articles/qatars-new-nyc-strategy/ |url-status=live }}</ref>


QIA owns a 44% stake in its partnership with ] on a new mixed-use development delivering in 2019 that will include five separate buildings.<ref>{{Cite news |url=http://therealdeal.com/2016/09/06/middle-east-investors-pumped-6-5b-into-nyc-real-estate-over-18-month-period/ |title=Middle Eastern investors pumped $6.5B into NYC real estate over 18-month period |first=Kathryn |last=Brenzel |date=6 September 2016 |work=The Real Deal |access-date=20 January 2017}}</ref> In August 2018, Brookfield signed a 99-year lease on ]'s financially troubled ] skyscraper. The deal raised suspicions that the Qatar Investment Authority, a major investor in Brookfield, was attempting to influence the ].<ref>{{Cite news |url=https://www.vanityfair.com/news/2019/02/qatar-666-5th-ave-jared-kushner |title=Qatar Shocked, Shocked to Learn It Accidentally Bailed out Jared Kushner |last=Levin |first=Bess |date=12 February 2019 |work=] |access-date=21 January 2020}}</ref><ref>{{Cite news |url=https://www.ft.com/content/595a77d0-3867-11ea-a6d3-9a26f8c3cba4 |title=Brookfield: inside the $500bn secretive investment firm |last=Vandevelde |first=Mark |date=5 February 2020 |work=Financial Times |access-date=2020-05-12}}</ref> QIA owns a 44% stake in its partnership with ] on a new mixed-use development delivering in 2019 that will include five separate buildings.<ref>{{Cite news |url=http://therealdeal.com/2016/09/06/middle-east-investors-pumped-6-5b-into-nyc-real-estate-over-18-month-period/ |title=Middle Eastern investors pumped $6.5B into NYC real estate over 18-month period |first=Kathryn |last=Brenzel |date=6 September 2016 |work=The Real Deal |access-date=20 January 2017 |archive-date=29 January 2017 |archive-url=https://web.archive.org/web/20170129142207/https://therealdeal.com/2016/09/06/middle-east-investors-pumped-6-5b-into-nyc-real-estate-over-18-month-period/ |url-status=live }}</ref> In August 2018, Brookfield signed a 99-year lease on ]'s financially troubled ] skyscraper. The deal raised suspicions that the Qatar Investment Authority, a major investor in Brookfield, was attempting to influence the ].<ref>{{Cite news |url=https://www.vanityfair.com/news/2019/02/qatar-666-5th-ave-jared-kushner |title=Qatar Shocked, Shocked to Learn It Accidentally Bailed out Jared Kushner |last=Levin |first=Bess |date=12 February 2019 |work=] |access-date=21 January 2020 |archive-date=24 March 2019 |archive-url=https://web.archive.org/web/20190324133828/https://www.vanityfair.com/news/2019/02/qatar-666-5th-ave-jared-kushner |url-status=live }}</ref><ref>{{Cite news |url=https://www.ft.com/content/595a77d0-3867-11ea-a6d3-9a26f8c3cba4 |title=Brookfield: inside the $500bn secretive investment firm |last=Vandevelde |first=Mark |date=5 February 2020 |work=Financial Times |access-date=2020-05-12 |archive-date=30 November 2020 |archive-url=https://web.archive.org/web/20201130074007/https://www.ft.com/content/595a77d0-3867-11ea-a6d3-9a26f8c3cba4 |url-status=live }}</ref>


In April 2015, the Permanent Mission of the State of Qatar purchased four apartment units for roughly $45 million at a development within the ].<ref>{{Cite web |url=https://therealdeal.com/2015/04/09/qatar-buys-two-units-at-zeckendorfs-50-un-plaza-for-29m/ |title=Qatar buys four units at Zeckendorf's 50 UN Plaza for $45M |last=Moses |first=Claire |date=9 April 2015 |website=The Real Deal |access-date=20 January 2017}}</ref> In April 2015, the Permanent Mission of the State of Qatar purchased four apartment units for roughly $45 million at a development within the ].<ref>{{Cite web |url=https://therealdeal.com/2015/04/09/qatar-buys-two-units-at-zeckendorfs-50-un-plaza-for-29m/ |title=Qatar buys four units at Zeckendorf's 50 UN Plaza for $45M |last=Moses |first=Claire |date=9 April 2015 |website=The Real Deal |access-date=20 January 2017 |archive-date=2 February 2017 |archive-url=https://web.archive.org/web/20170202000500/https://therealdeal.com/2015/04/09/qatar-buys-two-units-at-zeckendorfs-50-un-plaza-for-29m/ |url-status=live }}</ref>


In January 2014, the Qatari government bought a 20,500-square-foot townhouse for $100 million in Manhattan's ], to be redeveloped into its consulate. From 2012 to 2013, Qatar's prime minister at the time, ], purchased $285 million in apartments in Manhattan.<ref>{{Cite web |url=https://therealdeal.com/2014/01/30/qatar-to-spend-100m-on-ues-townhouse-for-consulate/ |title=Qatar to spend record $100M on UES commercial townhouse |last1=Strickl |first1=Julie |last2=Samtani |first2=Hiten |date=30 January 2014 |website=The Real Deal |access-date=20 January 2017}}</ref> In January 2014, the Qatari government bought a 20,500-square-foot townhouse for $100 million in Manhattan's ], to be redeveloped into its consulate. From 2012 to 2013, Qatar's prime minister at the time, ], purchased $285 million in apartments in Manhattan.<ref>{{Cite web |url=https://therealdeal.com/2014/01/30/qatar-to-spend-100m-on-ues-townhouse-for-consulate/ |title=Qatar to spend record $100M on UES commercial townhouse |last1=Strickl |first1=Julie |last2=Samtani |first2=Hiten |date=30 January 2014 |website=The Real Deal |access-date=20 January 2017 |archive-date=2 February 2017 |archive-url=https://web.archive.org/web/20170202000545/https://therealdeal.com/2014/01/30/qatar-to-spend-100m-on-ues-townhouse-for-consulate/ |url-status=live }}</ref>


====Washington, D.C.==== ====Washington, D.C.====
QIA was one of the major financiers of a recent development known as CityCenterDC, as it invested $650 million into the project.<ref>{{Cite news |url=https://www.washingtonpost.com/local/qatar-is-suddenly-investing-heavily-in-the-us-bankrolling-dcs-city-center-other-projects/2013/12/17/1ffaceca-5c6a-11e3-95c2-13623eb2b0e1_story.html |title=Qatar is suddenly investing heavily in the U.S., bankrolling D.C.'s City Center, other projects |last=Fisher |first=Marc |date=17 December 2013 |newspaper=The Washington Post |access-date=20 January 2017}}</ref> As of 2013, QIA was one of the major financiers of a recent development known as CityCenterDC, as it invested $650 million into the project.<ref>{{Cite news |url=https://www.washingtonpost.com/local/qatar-is-suddenly-investing-heavily-in-the-us-bankrolling-dcs-city-center-other-projects/2013/12/17/1ffaceca-5c6a-11e3-95c2-13623eb2b0e1_story.html |title=Qatar is suddenly investing heavily in the U.S., bankrolling D.C.'s City Center, other projects |last=Fisher |first=Marc |date=17 December 2013 |newspaper=The Washington Post |access-date=20 January 2017 |archive-date=20 July 2016 |archive-url=https://web.archive.org/web/20160720093529/https://www.washingtonpost.com/local/qatar-is-suddenly-investing-heavily-in-the-us-bankrolling-dcs-city-center-other-projects/2013/12/17/1ffaceca-5c6a-11e3-95c2-13623eb2b0e1_story.html |url-status=live }}</ref>


==Controversies== ==Controversies==
{{undue weight|date=August 2021}}
{{disputed section|date=August 2021}}


===Sunday Telegraph's campaign=== ===''Sunday Telegraph''{{'}}s campaign===
In October 2007 the British newspaper '']'' launched a two-month long campaign, called "Stop the Funding of Terrorism", to stress Qatar's persistent negligence in countering terrorist finance and actively supporting terrorist entities and enterprises in the Middle East.<ref>{{Cite news |url=https://www.telegraph.co.uk/news/worldnews/middleeast/qatar/11202656/No-ally-of-Britain-should-allow-the-funding-of-terror.html |title=No ally of Britain should allow the funding of terror |date=2014-11-02 |newspaper=The Daily Telegraph |access-date=13 April 2016}}</ref> In October 2007 the British newspaper '']'' launched a two-month long campaign, called "Stop the Funding of Terrorism", to stress Qatar's persistent negligence in countering terrorist finance and actively supporting terrorist entities and enterprises in the Middle East.<ref>{{Cite news |url=https://www.telegraph.co.uk/news/worldnews/middleeast/qatar/11202656/No-ally-of-Britain-should-allow-the-funding-of-terror.html |title=No ally of Britain should allow the funding of terror |date=2014-11-02 |newspaper=The Daily Telegraph |access-date=13 April 2016 |archive-date=26 April 2016 |archive-url=https://web.archive.org/web/20160426232956/http://www.telegraph.co.uk/news/worldnews/middleeast/qatar/11202656/No-ally-of-Britain-should-allow-the-funding-of-terror.html |url-status=live }}</ref>


''The Telegraph''{{'}}s campaign included 34 articles published between 20 September and 16 November 2014, some of which accused Qatar of funding the ] (ISIL).<ref name=":4">{{Cite web |url=http://www.aljazeera.com/news/2015/06/report-uk-telegraph-targeted-qatar-hotels-150615140521317.html |title=Report: UK's Telegraph targeted Qatar over hotels |date=15 June 2015 |website=Al Jazeera |access-date=13 April 2016}}</ref> On 14 June 2020, The Telegraph apologized for claiming the Qatar Charity (QC), as a terrorist organization.<ref name="telegraph.co.uk">{{Cite news |date=2019-10-20 |title=Revealed: Woman killed during jihadi prison attack worked for British charity boss |newspaper=The Telegraph |url=https://www.telegraph.co.uk/news/2019/10/19/revealed-woman-killed-jihadi-prison-attack-worked-british-charity/ |access-date=2022-07-05 |archive-url=https://web.archive.org/web/20191020022622/https://www.telegraph.co.uk/news/2019/10/19/revealed-woman-killed-jihadi-prison-attack-worked-british-charity/ |archive-date=20 October 2019}}</ref> The Telegraph admitted that, there is no evidence to support the claim that the Qatar charity or its trustees currently support or have ever funded any terrorist or extremist group. Qatar Charity's categorization as a terrorist organization had "no legal standing in the UK," according to the Charity Commission, which also verified that it has no open cases involving Nectar. We apologized to provide clarification and extend our apologies to Qatar Charity and its trustees for any inconvenience or embarrassment caused.<ref>{{Cite news |last=Reporters |first=Telegraph |date=2020-06-14 |title=An Apology - The Nectar Trust |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/news/2020/06/14/apology-nectar-trust/ |access-date=2022-07-05 |issn=0307-1235}}</ref> On 14 June 2020, The Telegraph apologized for claiming the Qatar Charity (QC), as a terrorist organization.<ref name="telegraph.co.uk">{{Cite news |date=2019-10-20 |title=Revealed: Woman killed during jihadi prison attack worked for British charity boss |newspaper=The Telegraph |url=https://www.telegraph.co.uk/news/2019/10/19/revealed-woman-killed-jihadi-prison-attack-worked-british-charity/ |access-date=2022-07-05 |archive-url=https://web.archive.org/web/20191020022622/https://www.telegraph.co.uk/news/2019/10/19/revealed-woman-killed-jihadi-prison-attack-worked-british-charity/ |archive-date=20 October 2019}}</ref> The Telegraph admitted that, there is no evidence to support the claim that the Qatar charity or its trustees currently support or have ever funded any terrorist or extremist group. Qatar Charity's categorization as a terrorist organization had "no legal standing in the UK," according to the Charity Commission, which also verified that it has no open cases involving Nectar. We apologized to provide clarification and extend our apologies to Qatar Charity and its trustees for any inconvenience or embarrassment caused.<ref>{{Cite news |last=Reporters |first=Telegraph |date=2020-06-14 |title=An Apology - The Nectar Trust |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/news/2020/06/14/apology-nectar-trust/ |access-date=2022-07-05 |issn=0307-1235 |archive-date=5 July 2022 |archive-url=https://web.archive.org/web/20220705190654/https://www.telegraph.co.uk/news/2020/06/14/apology-nectar-trust/ |url-status=live }}</ref>


The nation agreed to stop supporting the Muslim Brotherhood, expelled Brothers who were not citizens from its territory, and would not shelter any people from GCC countries in order to avoid undermining relations with the Gulf during the period of 2014–2017, when Qatar appeared to be in compliance with counter terrorism and destroying its support to Islamist rebel groups.<ref>{{cite web |url=https://www.washingtoninstitute.org/policy-analysis/will-qatars-relationship-muslim-brotherhood-change-after-gulf-reconciliation |title=Will Qatar's Relationship with the Muslim Brotherhood Change after Gulf Reconciliation? |publisher=] |date=3 Feb 2021}}</ref> Qatar denied the Telegraph's claims. Qatar stated that being a Muslim investment authority did not necessarily mean they supported ISIL.<ref>{{Cite web |title=Report: UK's Telegraph targeted Qatar over hotels |url=https://www.aljazeera.com/news/2015/6/15/report-uks-telegraph-targeted-qatar-over-hotels |access-date=2023-06-06 |website=www.aljazeera.com |language=en |archive-date=24 April 2023 |archive-url=https://web.archive.org/web/20230424075447/https://www.aljazeera.com/news/2015/6/15/report-uks-telegraph-targeted-qatar-over-hotels |url-status=live }}</ref> The nation already agreed to stop supporting the Muslim Brotherhood, expelled Brothers who were not citizens from its territory, and would not shelter any people from GCC countries in order to avoid undermining relations with the Gulf during the period of 2014–2017, when Qatar appeared to be in compliance with counter terrorism and destroying its support to Islamist rebel groups.<ref>{{cite web |url=https://www.washingtoninstitute.org/policy-analysis/will-qatars-relationship-muslim-brotherhood-change-after-gulf-reconciliation |title=Will Qatar's Relationship with the Muslim Brotherhood Change after Gulf Reconciliation? |publisher=] |date=3 Feb 2021 |access-date=28 June 2022 |archive-date=21 June 2022 |archive-url=https://web.archive.org/web/20220621050133/https://www.washingtoninstitute.org/policy-analysis/will-qatars-relationship-muslim-brotherhood-change-after-gulf-reconciliation |url-status=live }}</ref>
The State of Qatar is the second largest donor to the ] Trust Fund for Counter terrorism out of a total of 35 other donors, it was revealed on March 27, 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the ] (UNOCT).<ref>{{cite web |url=https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |title=Fourth High-Level Strategic Dialogue between the State of Qatar & UNOCT |publisher=] |date=27 March 2022}}</ref> On 27 March 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the ] (UNOCT), Qatar was entitled as the second largest donor to the ] Trust Fund for Counter terrorism out of a total 35 other donors.<ref>{{cite web |url=https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |title=Fourth High-Level Strategic Dialogue between the State of Qatar & UNOCT |publisher=] |date=27 March 2022 |access-date=28 June 2022 |archive-date=14 February 2023 |archive-url=https://web.archive.org/web/20230214050732/https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |url-status=live }}</ref>


===Qatar Islamic Bank (QIB)=== ===Qatar Islamic Bank (QIB)===
Qatar Investment Authority's affiliation with ] (16.67%) raises concerns about the extent to which the sovereign wealth fund's may be or have been involved in some of the bank's activities. In a September 2015 piece, the ''Consortium Against Terrorist Finance'' (CATF) discussed the ]-compliant financial giant's correspondents and posited that several QIB's correspondents "have controversial histories of affiliation with or support of terrorist or extremist activities".<ref name=":8">{{Cite web |url=http://stopterrorfinance.org/blog/510637670-should-qib-be-judged-by-the-company-it-keeps |title=Should QIB be judged by the company it keeps? |date=10 September 2015 |website=Consortium Against Terrorist Finance |access-date=13 April 2016 |url-status=dead |archive-url=https://web.archive.org/web/20180612184937/https://stopterrorfinance.org/stories/510637670-should-qib-be-judged-by-the-company-it-keeps |archive-date=12 June 2018}}</ref> According to ] country reports on terrorism 2019, the Qatari government drafted new AML/CFT legislation, which was finalized and passed into law on September 11, 2019. This legislation included the country forming National Anti-Terrorism Committee. The NATC is tasked with formulating Qatar's Counter Terrorism policy, ensuring inter agency coordination, fulfilling Qatar's obligations to counter terrorism under international conventions, and participating in multilateral conferences on terrorism. According to this reporting, U.S. officials met regularly with the chairman of the NATC to discuss implementation of the CT MOU and overall CT cooperation. Qatar Investment Authority's affiliation with ] (16.67%) raises concerns about the extent to which the sovereign wealth fund may be or have been involved in some of the bank's activities. In a September 2015 piece, the ''Consortium Against Terrorist Finance'' (CATF) discussed the ]-compliant financial giant's correspondents and posited that several QIB's correspondents "have controversial histories of affiliation with or support of terrorist or extremist activities".<ref name=":8">{{Cite web |url=http://stopterrorfinance.org/blog/510637670-should-qib-be-judged-by-the-company-it-keeps |title=Should QIB be judged by the company it keeps? |date=10 September 2015 |website=Consortium Against Terrorist Finance |access-date=13 April 2016 |url-status=dead |archive-url=https://web.archive.org/web/20180612184937/https://stopterrorfinance.org/stories/510637670-should-qib-be-judged-by-the-company-it-keeps |archive-date=12 June 2018}}</ref> According to ] country reports on terrorism 2019, the Qatari government drafted new ] legislation, which was finalized and passed into law on 11 September 2019. This legislation included the country forming National Anti-Terrorism Committee. The NATC is tasked with formulating Qatar's Counter Terrorism policy, ensuring inter agency coordination, fulfilling Qatar's obligations to counter terrorism under international conventions, and participating in multilateral conferences on terrorism. According to this reporting, U.S. officials met regularly with the chairman of the NATC to discuss implementation of the CT MOU and overall CT cooperation.


Also, The Qatar State Security Bureau (SSB) maintained an aggressive posture toward monitoring internal terrorism-related activities. Qatar is also a member of the Defeat-] Coalition's CIFG and the TFTC. The country co-hosted a high-level event promoting the power of sport to prevent and counter terrorist radicalization and recruitment on the margins of ] in September 2019.<ref>{{Cite news |date=2019 |title=Country Reports on Terrorism 2019: Qatar |work=US Department of states |url=https://www.state.gov/reports/country-reports-on-terrorism-2019/qatar/}}</ref> Also, the Qatar State Security Bureau (SSB) maintained an aggressive posture toward monitoring internal terrorism-related activities. Qatar is also a member of the Defeat-] Coalition's CIFG and the TFTC. The country co-hosted a high-level event promoting the power of sport to prevent and counter terrorist radicalization and recruitment on the margins of ] in September 2019.<ref>{{Cite news |date=2019 |title=Country Reports on Terrorism 2019: Qatar |work=US Department of states |url=https://www.state.gov/reports/country-reports-on-terrorism-2019/qatar/ |access-date=7 February 2023 |archive-date=5 October 2022 |archive-url=https://web.archive.org/web/20221005193301/https://www.state.gov/reports/country-reports-on-terrorism-2019/qatar/ |url-status=live }}</ref>


There has also been findings regarding counter terrorism measure taken by Qatar in the report published by ] on 27 March 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the ] (UNOCT) where the two bodies discussed strategic priorities and collaboration for effective United Nations support to Member States on counter-terrorism. The two sides reaffirmed their strong partnership and discussed opportunities for further collaboration against terrorism. The State of Qatar is the second largest contributor to the United Nations Trust Fund for Counter-Terrorism out of a total 35 other donors.<ref>{{Cite web |title=Fourth High-Level Strategic Dialogue between the State of Qatar & UNOCT {{!}} Office of Counter-Terrorism |url=https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |access-date=2023-02-07 |website=www.un.org}}</ref> There has also been findings regarding counter terrorism measure taken by Qatar in the report published by ] on 27 March 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the ] (UNOCT) where the two bodies discussed strategic priorities and collaboration for effective United Nations support to Member States on counter-terrorism. The two sides reaffirmed their strong partnership and discussed opportunities for further collaboration against terrorism. The State of Qatar is the second largest contributor to the United Nations Trust Fund for Counter-Terrorism out of a total 35 other donors.<ref>{{Cite web |title=Fourth High-Level Strategic Dialogue between the State of Qatar & UNOCT {{!}} Office of Counter-Terrorism |url=https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |access-date=2023-02-07 |website=www.un.org |archive-date=14 February 2023 |archive-url=https://web.archive.org/web/20230214050732/https://www.un.org/counterterrorism/events/fourth-high-level-strategic-dialogue-between-state-qatar-unoct |url-status=live }}</ref>


==See also== ==See also==
* ] * ]
* ]


==References== ==References==

Latest revision as of 04:53, 17 December 2024

Sovereign wealth fund of Qatar

Qatar Investment Authority
QIA headquarters, located in the Ooredoo Tower (right) in the city of Doha.
Company typeSovereign wealth fund
Founded2005; 19 years ago (2005)
HeadquartersOoredoo Tower, Doha, Qatar
Key peopleMohammed Saif Al-Sowaidi (CEO)
Sheikh Bandar bin Mohammed bin Saoud Al-Thani (Chairman)
AUMIncrease US$526 billion (2024)
OwnerState of Qatar
SubsidiariesHarrods, Harrods Estates, Harrods Aviation, Air Harrods, QNB Group, Barwa Group (45%), Qatari Diar Real Estate Investment Company, Qatar Holding LLC, Linx Cargo Care Group, Hassad Food, Filmyard Holdings (2010-2016), Future French Champions SAS, Q REIT Holding, Qatar Asset Management Co, Qatar Railways Development, Ascott Serviced Residence (Global) Fund, Qatar Dubai Investments, OCS Investments, Katara Hospitality
Websitewww.qia.qa

The Qatar Investment Authority (QIA; Arabic: جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 billion of assets under management.

The QIA's structure and decision-making procedures have been characterized as non-transparent. However, according to Global SWF’s 2022 Governance, Sustainability & Resilience of State-Owned Investors Scoreboard, QIA is becoming more transparent and sustainable. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund). In September 2017, ResearchGate (Berlin-based blog) provided data about the functioning behind the Qatar Investment Authority's investments and it was found out that QIA's participation in global capitalism as a fully state-owned business is a compelling and little-examined facet of the organization.

History and profile

The QIA was founded in 2005 by the then-emir of Qatar, Hamad bin Khalifa Al Thani, to manage the oil and natural gas surpluses of the government of Qatar. As a result of its stated strategy to minimize risk from Qatar's reliance on energy prices, the fund predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar outside the energy sector. Prior to establishment of the QIA in 2005, Qatar's Ministry of Finance had a small in-house team to invest revenue from budget surpluses. The Qatar National Vision 2030 foresees the shift from natural gas based revenue to QIA-type investments between now and then.

The QIA wholly controls Qatari Diar, a property investment company. The QIA does not publish its holdings to the market.

In June 2013, after the new emir's arrival to power, and a general reshuffle of Qatar's main organizations, Ahmad Al Sayed was appointed as QIA's chairman and chief executive officer, replacing Hamad bin Jassim Al Thani in the post while also remaining managing director and CEO of QIA's main subsidiary, Qatar Holding. Sayed held the post for 16 months. In January 2015, Sheikh Abdullah bin Mohammed bin Saud Al Thani, chairman of Qatari telecommunications company Ooredoo, was appointed as CEO and served until 2018. From July 2022 to November 2024, Mansoor Ebrahim Al-Mahmoud has held the position of CEO of the company. He was succeeded by Mohammed Saif Al-Sowaidi. In March 2023, Sheikh Bandar bin Mohammed bin Saoud Al-Thani was appointed chairman and replaced his predecessor, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, who was named as the country’s Prime Minister, in addition to his long-standing role of Minister of Foreign Affairs.

The fund is a member of the International Forum of Sovereign Wealth Funds.

As of 2021, the Qatar Investment Authority had more than half of its assets invested in private equity and listed shares. According to Bloomberg, QIA has increasingly targeted start-ups in growth markets, such as Asia and the US. It has invested in indoor farming and firms that make plant-based meat alternatives.

Subsidiaries

Qatar Investment Authority owns 100% of Qatar Holding LLC, and it also owns 50% of Qatar National Bank. QIA is affiliated with Qatar Islamic Bank (16.67%) and with Ubac Curaçao NV (1.35%).

Investments

In January 2013, one writer pegged the QIA investment in Britain at €30 billion, France at €10 billion and Germany at €5 billion, while another reported that the total assets under management in June 2013 was on the order of $100 billion. Qatar Holding's stake in Barclays rose to 12.7% following Barclays' capital raising in October 2008. Qatar Investment Authority holds a small stake in Fisker Automotive. It also holds about 17% stake in the Volkswagen Group, Porsche, Hochtief, as well as investments in Sainsbury's. The French government has made of Qatar a strategic partner, and the list of partnerships between the two states includes Lagardère (12%) Total (4%), EADS (6%), Technip, Air Liquide, Vinci SA (5%), GDF Suez, Veolia (5%), Vivendi, Royal Monceau, France Telecom and Areva. In February 2009, France accorded special beyond-OECD investment privileges to Qatar and its state-owned enterprises; one example is capital gains exemptions in France. The QIA is also reported to hold part of Glencore.

On 8 May 2010, Qatar Holding, an indirect subsidiary of QIA, purchased the Harrods Group from Mohamed Al-Fayed, including the Knightsbridge department store. QIA are also the largest shareholder in Sainsbury's. On 3 December 2010, Qatar Investment Authority, along with Colony Capital and Tutor-Saliba Corporation, was part of an investment group known as Filmyard Holdings, which purchased Miramax from Disney.

In February 2012, it completed the acquisition of Credit Suisse's headquarters in London. QIA holds a 6% stake in Credit Suisse and owns shares in Apeldoorn, the majority owner of Canary Wharf Group. Qatari Diar, a property arm of the fund, along with Canary Wharf, won a £300mn deal to redevelop the Shell Centre in London, the former London headquarters of Royal Dutch Shell. The French government has offered tax exemptions for Qatari real estate investments in the country and have acquired almost $4 billion of property. In May 2012, it acquired a stake below 3% in Royal Dutch Shell. It has announced a plan to raise its stake to 7%. In late 2012 Qatar Sports Investments (QSI) completed a buyout of the French football club Paris Saint-Germain F.C. (P.S.G.), which valued the club at $130 million. QSI invested a further $340 million in the club, they had bought the Paris Saint-Germain Handball team the previous year. The Qatari president of P.S.G., Nasser Al-Khelaifi is also the director of Qatari owned television network Al Jazeera Sports, which launched French television channels beIN Sport. Qatar has also offered to finance social programs in French suburbs, which has attracted criticism.

In November 2012, QIA and Cassa Depositi e Prestiti signed the starting agreement of IQ Made in Italy Venture, a four-year cooperation to promote Made in Italy in Qatar's Arabic partners and to push them to invest in Italian economic sectors like fashion, luxury, design, food, tourism, lifestyle & leisure.

In January 2013, Qatar Holding, an indirect subsidiary of QIA, said it would invest $5 billion into petrochemical projects in Malaysia in three to four years. The investment was said to help Malaysia compete with neighbouring Singapore to become the region's top petrochemical hub. The QIA was planning to invest $200 million in residential property in India through Kotak Realty Fund in late December 2013. In August 2018, Qatar Investment Authority signed Memorandum of Understanding (MoU) to invest up to $500mn in tourism in Indonesia.

In October 2014 Qatar Investment Authority signed an agreement with CITIC Group Corp to launch a $10 billion fund to invest in China. The QIA announced its intention to invest $35b in the US during the next five years, starting in September 2015.

Via Mannai Corporation, it is currently in a process of acquiring the French computer science group GFI. In 2021, QIA with its subsidiary unit - Locus Engineering Management and Services Co. W.L.L. is investing in a sub-Saharan African renewable energy platform being led by Enel Green Power.

During the 2021 St Petersburg Economic Forum, Sheikh Tamim bin Hamad Al Thani highlighted Qatar's solid historic relations with Russia and announced that his country will increase investments in the Russian Federation. He also called on Russia's private sector and the world to explore Qatar's promising business environment in many projects and several spheres. In March 2021, QIA became a minority investor in Coveo, the cloud-based search, recommendations, and personalization company.

On 23 January 2023, Qatar Investment Authority has doubled its stake in Credit Suisse Group, becoming the second-biggest shareholder and underlining the growing importance of Middle Eastern investors to the ailing Swiss bank.

In June 2024, Reuters wrote that QIA had agreed to buy a 10% stake in ChinaAMC and was awaiting approval by Chinese regulators.

Qatari Diar

Logo of Qatari Diar

Qatari Diar is a real estate company established by the Qatar Investment Authority in 2005 with headquarters in Lusail.

By 2011 the company had stakes in Vinci SA, a firm employing 183,000 in 100 countries; in the utility Suez Environnement and in Veolia Environnement (4.6%, sold in 2018). That same year Qatari Diar bought the Port Tarraco Marina in Tarragona, Spain. Early in 2012 the company had 49 projects in the planning or development stage in Qatar and in 29 countries around the world. The company owns The Shard, a skyscraper in London designed by Renzo Piano and the publicly funded Olympic village also known as East Village, London; and the former Royal Dutch Shell plc headquarters. In January 2013 it became known that the company had put on hold a redevelopment project of Chelsea Barracks worth around GBP 3 billion. During the same month Qatari Diar pulled out of the bidding for the development of the site of Athens' former international airport Ellinikon.

Mayor Vincent C. Gray (District of Columbia) announced in early 2013 that he will travel to Qatar to promote the flow of global capital to the district. Qatari Diar is said to back CityCenterDC with around US$700 million. Representatives of Qatari Diar attended an investment conference hosted by the Peruvian Foreign Investment Authority.

In April 2023, the company sold its 22 per cent stake in the build-to-rent developer Get Living, which owns the Olympic Village in East London. It sold its shares to Aware Super, an Australian pension fund.

Recent developments

Harrods

British luxury department store Harrods was purchased by Qatar in May 2010. The sale was concluded in the early hours of 8 May, when Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani came to London to finalise the deal, saying that the acquisition of Harrods would add "much value" to the investment portfolio of Qatar Holdings while his deputy, Hussain Ali Al-Abdulla, called it a "landmark transaction". A spokesman for Mohamed Al-Fayed said "in reaching the decision to retire, wished to ensure that the legacy and traditions that he has built up in Harrods would be continued."

Property Investments in London

Canary Wharf Group Investment Holdings, which is majority owned by Qatar Holdings, is London's largest property owner, with almost 21.5m sq ft of space on its books, according to data from the research firm Datscha.

In addition to its investments with Canary Wharf, Qatar Investment Authority owns the site of the Chelsea Barracks and The Shard.

Heathrow Airport

Qatar Investment Authority is a major shareholder in Heathrow Airport, holding 20 percent of the airport. In 2017, the company invested a further £650 million (US$807 million).

Islamabad Airport

QIA will be taking over Islamabad Airport in Pakistan.

Volkswagen

Bloomberg estimated that in September 2015 Qatar Investment Authority lost $5.9 billion on paper from its stakes in Volkswagen and Glencore after the carmaker admitted to using an illegal software to cheat on emissions tests in the U.S. By holding 17% of Volkswagen's ordinary stock and 13% of preferred shares, Qatar's sovereign-wealth fund is the third largest investor shareholder in the firm.

QIA is also the largest investor in Glencore (8.2%), a mining company.

Barclays

Since 2008 dealings between Qatar Holding LLC and Barclays were investigated by the Serious Fraud Office (SFO) for suspicious cash-raising practices during the global financial crisis. Allegedly, Barclays received €7.5 billion ($8.2 billion) cash injection from QIA's subsidiary but did not inform its shareholders. Barclays was charged with failing to act with integrity and breaching disclosure rules for UK listed companies.

Moreover, in 2011 both the Serious Fraud Office and the Financial Conduct Authority (FCA) investigated Barclays' €2.4 billion ($2.7 billion) secret transaction with a Politically Exposed Person (PEP) from Qatar whose identity remains protected by the financial giant and FCA. In that case, Barclays failed to conduct "due skill, care, and diligence" at the base of Britain's anti-money laundering rules. As a result, the UK financial watchdog meted out a record €92 million ($104 million) penalty against the financial giant.

Upsurge of Qatari investments in New York and D.C.

In early 2015, the QIA announced its intent to "invest $35 billion in the U.S. over the next five years" in various sectors of the economy. Sheikh Abdullah bin Mohammed bin Saud Al Thani, chief executive of QIA, told U.S. officials in December 2016 that it plans to invest $10 billion in infrastructure projects inside the U.S., although he specified no time frame. It is unclear whether this amount is intended to be part of the previously mentioned $35 billion, or if it is a new initiative.

New York

QIA has purchased $3.78 billion in Manhattan properties since 2014, including 111 West 33rd Street, 501 Seventh Avenue and 250 West 57th Street.

QIA owns a 44% stake in its partnership with Brookfield Property Partners on a new mixed-use development delivering in 2019 that will include five separate buildings. In August 2018, Brookfield signed a 99-year lease on Jared Kushner's financially troubled 666 Fifth Avenue skyscraper. The deal raised suspicions that the Qatar Investment Authority, a major investor in Brookfield, was attempting to influence the Trump administration.

In April 2015, the Permanent Mission of the State of Qatar purchased four apartment units for roughly $45 million at a development within the United Nations Plaza.

In January 2014, the Qatari government bought a 20,500-square-foot townhouse for $100 million in Manhattan's Upper East Side, to be redeveloped into its consulate. From 2012 to 2013, Qatar's prime minister at the time, Sheikh Hamad bin Jassim bin Jaber Al Thani, purchased $285 million in apartments in Manhattan.

Washington, D.C.

As of 2013, QIA was one of the major financiers of a recent development known as CityCenterDC, as it invested $650 million into the project.

Controversies

Sunday Telegraph's campaign

In October 2007 the British newspaper Sunday Telegraph launched a two-month long campaign, called "Stop the Funding of Terrorism", to stress Qatar's persistent negligence in countering terrorist finance and actively supporting terrorist entities and enterprises in the Middle East.

On 14 June 2020, The Telegraph apologized for claiming the Qatar Charity (QC), as a terrorist organization. The Telegraph admitted that, there is no evidence to support the claim that the Qatar charity or its trustees currently support or have ever funded any terrorist or extremist group. Qatar Charity's categorization as a terrorist organization had "no legal standing in the UK," according to the Charity Commission, which also verified that it has no open cases involving Nectar. We apologized to provide clarification and extend our apologies to Qatar Charity and its trustees for any inconvenience or embarrassment caused.

Qatar denied the Telegraph's claims. Qatar stated that being a Muslim investment authority did not necessarily mean they supported ISIL. The nation already agreed to stop supporting the Muslim Brotherhood, expelled Brothers who were not citizens from its territory, and would not shelter any people from GCC countries in order to avoid undermining relations with the Gulf during the period of 2014–2017, when Qatar appeared to be in compliance with counter terrorism and destroying its support to Islamist rebel groups. On 27 March 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the United Nations Counter-Terrorism Office (UNOCT), Qatar was entitled as the second largest donor to the United Nations Trust Fund for Counter terrorism out of a total 35 other donors.

Qatar Islamic Bank (QIB)

Qatar Investment Authority's affiliation with Qatar Islamic Bank (16.67%) raises concerns about the extent to which the sovereign wealth fund may be or have been involved in some of the bank's activities. In a September 2015 piece, the Consortium Against Terrorist Finance (CATF) discussed the Sharia-compliant financial giant's correspondents and posited that several QIB's correspondents "have controversial histories of affiliation with or support of terrorist or extremist activities". According to US Department of States country reports on terrorism 2019, the Qatari government drafted new AML/CFT legislation, which was finalized and passed into law on 11 September 2019. This legislation included the country forming National Anti-Terrorism Committee. The NATC is tasked with formulating Qatar's Counter Terrorism policy, ensuring inter agency coordination, fulfilling Qatar's obligations to counter terrorism under international conventions, and participating in multilateral conferences on terrorism. According to this reporting, U.S. officials met regularly with the chairman of the NATC to discuss implementation of the CT MOU and overall CT cooperation.

Also, the Qatar State Security Bureau (SSB) maintained an aggressive posture toward monitoring internal terrorism-related activities. Qatar is also a member of the Defeat-ISIS Coalition's CIFG and the TFTC. The country co-hosted a high-level event promoting the power of sport to prevent and counter terrorist radicalization and recruitment on the margins of UN General Assembly in September 2019.

There has also been findings regarding counter terrorism measure taken by Qatar in the report published by United Nations on 27 March 2022, during the Fourth High-Level Strategic Dialogue between the State of Qatar & the United Nations Office of Counter-Terrorism (UNOCT) where the two bodies discussed strategic priorities and collaboration for effective United Nations support to Member States on counter-terrorism. The two sides reaffirmed their strong partnership and discussed opportunities for further collaboration against terrorism. The State of Qatar is the second largest contributor to the United Nations Trust Fund for Counter-Terrorism out of a total 35 other donors.

See also

References

  1. ^ "Leadership". www.qia.qa. Archived from the original on 19 July 2022. Retrieved 28 July 2022.
  2. "Qatar's $450 Billion QIA Gets New Chairman After Cabinet Changes". Bloomberg. 7 March 2023. Archived from the original on 3 April 2024. Retrieved 8 August 2023.
  3. "Qatar Investment Authority (QIA) - Sovereign Wealth Fund, Qatar - SWFI". www.swfinstitute.org. Archived from the original on 29 December 2017. Retrieved 22 June 2023.
  4. Spegele, Brian (4 November 2014). "Qatar's Sovereign-Wealth Fund to Invest at Least $15 Billion in Asia". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 19 November 2014. Retrieved 11 July 2021.
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