Qatar has announced it plans to launch a new $12 billion investment company aiming to boost its international clout and enrich its population, the Financial Times reports.
The new enterprise is expected to be half-owned by the country’s sovereign wealth fund and half by the private sector, giving Qatari institutions and individuals the chance to invest around the world alongside the state, according to Ahmad al-Sayed, chief executive of Qatar Holding, the sovereign wealth fund subsidiary launching the new company.
The firm, which will be listed on the Doha stock exchange, will give the Qatari people and its companies “the opportunity to enjoy the access and deal flow that Qatar Holding has,” Mr Sayed said during a conference call on Tuesday.
Qatar to launch $12 billion investment company
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