Hussain al-Abdullah, vice chairman of the state fund’s investment arm Qatar Holding, told reporters in Doha that the new firm would be listed on the city’s stock exchange in six to eight weeks, according to Reuters.
He said, “You name it – shares, bonds, real estate, private equity. We will look at every sector in every country around the world.”
Qatar has been actively pursuing a policy of diversifying investments using its vast natural gas resources. Last year it took stakes in sectors including luxury hotels, mining and top-flight football, and has previously invested in global brands including Harrods, Volkswagen and Porsche.
In August the fund upped its stake in Chinese state-backed investment company CITIC Capital to more than 22 per cent, signalling its intent to globalise its investments as well as diversify them by sector.
Qatar Holding was set up by the Qatar Investment Authority in 2006 to invest in private equity, public equities and other direct investments.
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