Qatar's Sovereign Wealth Fund said on Monday it would open an office in San Francisco to expand its growing US portfolio, and was still considering investing in a technology fund formed by SoftBank Group Corp .
"Soon we will be opening an office in the Silicon Valley in San Francisco," Qatar Investment Authority's CEO, H.E. Sheikh Abdulla bin Mohammed bin Saud Al-Thani, told reporters at an investment conference in London.
"What we plan is to open the office hopefully by the end of this year, if not by end of this year then it will be first quarter of next year. It will be linked very commercially to our office in New York and we will take it from there," he said.
Qatar was considering investing in a $100 billion global technology fund formed by SoftBank Group Corp, the Japanese telecommunications and internet company, and Saudi Arabia, Bloomberg reported in October.
"We are still in a study but we haven't made a decision yet," Sheikh al-Thani said on Monday.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Corporate and infrastructure sukuk issuance in GCC seen muted in H1: S&P
European markets gain as euro, pound decline
ECB warns of systemic risk if benchmark reforms fail
Boeing lifts industry demand forecast as air show deals roll on
Doha Bank wins ‘Best Arab Customers Services’ award
Vodafone Qatar connects Astad with fixed services
Moody's strong rating shows strength of Qatar economy: QIIB
QDB to launch fintech, sports incubators in fourth quarter
Indonesia’s energy subsidy to balloon $4.8bn on price freeze