SOURCE: Qatar Investment Authority

Qatar Investment Authority

November 04, 2014 05:35 ET

QIA Announced New $10 Billion Joint Venture Fund With Citic Group

QIA Open to New Partnership Opportunities as a Key Part Of Overall Investment Strategy in the Region

QIA Is Expanding Its Office in Beijing as Part of Its Commitment to Long Term Investment in China

BEIJING, CHINA--(Marketwired - Nov 4, 2014) - His Excellency Ahmad Al-Sayed, CEO, Qatar Investment Authority made welcome remarks at the opening of the Credit Suisse 5th Annual Emerging Markets Leadership Forum in Beijing today. Below are extracts from his speech. Prior to the forum there was a reception held in honour of, and attended by, H.H. The Emir Sheikh Tamim bin Hamad al-Thani.

Comments from H.E. Ahmad Al-Sayed, CEO, QIA speaking in Beijing today:

QIA open for partnerships
"Today, we have signed an MOU with Citic Group to create a 50:50 $10billion fund to invest in the region. QIA is open to new partnerships as we look to invest $15-20 billion in the next five years"

"QIA is expanding its office in Beijing and New Delhi, and is opening a new office in New York"

QIA and Greater China
"This year, we have invested billions of dollars in Asia and China, including, most recently, investments in Lifestyle International (Sogo), Citic Group and Alibaba."

"We continue to look for attractive assets and establish new partnerships to create long term value." 

"We see real long-term investment potential in companies here in China because of: the Increasing availability of interesting sustainable investment opportunities as the economy develops and diversifies; the growing brand and stature of large Chinese corporates, for example from TMT to banking and Oil&Gas to Transport, and; the continuing emergence of an affluent and increasingly discerning middle class."

"We invested in Lifestyle International, in Hong Kong, because it's a resilient economy, and we are confident that its importance as a regional hub will continue well into the future."

Objectives of the QIA
"QIA is the Sovereign Wealth Fund of the State of Qatar. Its role is to act as the Savings Fund of Qatar. This determines our investment strategy, which means we are a financial investor focused on long term investment performance and we invest internationally across all asset classes."

"We are predominantly a long term investor interested in supporting the success of a company or an asset. This allows us to be flexible and invest in valuable companies even in downturns."

QIA has signed an MOU with CITIC Group.
(Left: CITIC Group chairman, Chang Zhenming; Right: QIA CEO, H.E. Ahmad Al-Sayed)

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About Qatar Investment Authority
The Qatar Investment Authority (QIA) was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. Building on the heritage of Qatar investments dating back more than three decades, its growing portfolio of long-term strategic investments help complement the state's huge wealth in natural resources.

Qatar's goal is to become a major international centre for finance and investment management, a vision shared by its government, people and institutions.

Headquartered in Doha, the QIA is structured to operate at the very highest levels of global investing. As a world class investor, the QIA adheres to the strictest financial and commercial disciplines. It has a strong track record of investing in different asset classes, including listed securities, property, alternative assets and private equity in all the major capital markets as well as the newer emerging markets.

H.E. Mr. Ahmad Mohamed Al-Sayed
Chief Executive Officer
Qatar Investment Authority

Ahmad Bin Mohamed Al-Sayed is the Chief Executive Officer of Qatar Investment Authority, where he oversees and manages the Government of Qatar's investment funds in international and domestic markets. Prior to being appointed as the Chief Executive Officer of Qatar Investment Authority, H.E. Mr. Ahmad Al-Sayed held key roles in various Qatari institutions, including the CEO and Managing Director of Qatar Holding.

His Excellency is currently a Board Member of the Supreme Council for Economic Affairs and Investments, the Vice Chairman of Qatar Exchange, a Board member at Qatar National Bank and a Supervisory Board Member at Volkswagen AG.

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