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Qatar’s sovereign fund establishes a Singapore-based advising arm to look for possibilities in Asia.
Unsplash photo by Rowen Smith
Reuters, 14 July 2021
A spokeswoman for Qatar Investment Authority (QIA), the country’s sovereign wealth fund, announced on Wednesday that the fund has formed a wholly-owned advising company in Singapore to find investment possibilities throughout Asia.
Abdulla al-Kuwari, a senior QIA executive, is the CEO of Qatar Investment Authority Advisory (Singapore) Pte Ltd, according to his LinkedIn profile, which shows he started in May of this year.
Before taking this new position, Kuwari was a director who handled the Africa and Asia Pacific region, according to his LinkedIn profile.
The $300 billion sovereign wealth fund, which has holdings in the London Stock Exchange and Iberdrola SA, has shifted its assets away from traditional European and American markets and toward Asia.
QIA has joined other investors in a $3.6 billion investment round for Indian e-commerce business Flipkart.
Reuters
Qatar Investment Authority (QIA) is a government- Qatar’s sovereign wealth fund
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