Qatar Investment Authority consolidates domestic portfolio

Doha's Qatar Investment Authority is consolidating its domestic investments into a specialized unit to attract more foreign capital and boost private sector participation. The sovereign wealth fund has moved companies such as AI-focused Qai, Qatar Airways, and Qatar National Bank into a new division called Doha Investment, which will oversee over 40 firms and aims to develop businesses in advanced manufacturing, healthcare, and supply chains.

This restructuring, which has been in discussion since 2017 when QIA managed around half of its current estimated $580 billion in assets, will help the fund meet its dual objectives of investing surplus energy income abroad and fostering "national champions" domestically. Qatar's Finance Minister Ali AlKuwari announced the move at the Qatar Economic Forum in New York, addressing the impact of the war on the country's non-oil sector, which may be partially offset by a domestic stimulus package worth over $60 billion over five years, including $38.5 billion in infrastructure projects and $22.5 billion in real estate and hospitality.