The Qatar Investment Authority (QIA), the Doha-based sovereign wealth fund, is set to open a new office in New York.
Details about the fund’s investments in the US have not been disclosed yet.
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"HE (His Excellency) Ambassador Mohammed bin Jaham al-Kuwari revealed the Qatar Investment Authority’s plans to open an office in New York in order to manage the growing investment portfolio in the U.S. market," the Qatar News Agency said.
The fund has traditionally focused on European investments. In January, it acquired the company that owns London’s Canary Wharf.
It is now also seeking to diversify into Asia and the US, and has recently unveiled plans to invest $20bn in Asia over the next five years.
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