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Thursday, March 05, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Fund" (35 articles)

Gulf Times
Qatar

Qatar, Brookfield launch $20bn AI infrastructure plan

Brookfield and Qai, an artificial intelligence company owned by Qatar's sovereign wealth fund, have formed a $20bn joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said Tuesday.The joint venture aims to position Qatar as a leading AI hub in the Middle East, they said, and plans to create an integrated compute centre expanding regional access to high-performance computing capabilities.Qatar Investment Authority (QIA) said on Monday it was setting up its own national AI company, Qai, as it invests to become a global AI hub outside of the US and China.AI is reshaping global tech and attracting massive investments in both software and physical infrastructure, especially in the data centres needed to process the information. A McKinsey report from April estimated that a $5.2tn investment in data centres will be needed by 2030 to meet the worldwide demand for AI.Brookfield will invest in the joint venture with Qai through its recently launched Artificial Intelligence Infrastructure Fund, which aims to invest up to $100bn globally.In a separate interview not related to the announcements, QIA's head of funds Mohsin Pirzada told Reuters: "We've been investing in data centres since before it was in fashion."He said Qatar, as one of the world's biggest natural gas producers, benefited from increased demand for power to feed data centres. The sovereign fund has also invested in fast-growing companies in the sector including AI-driven analytics platform Databricks.QIA's Pirzada, asked whether he had any concerns about rising valuations for companies in the sector, said there may be a "shakeout", but that, in an echo of the 1990s dotcom bubble, it would leave a handful of market leaders and "a massive opportunity" for investors."We continue to invest into the technologies and the rail guards that will support this innovation, the bricks and mortar," Pirzada said. 

Bo Li, deputy managing director, IMF.
Qatar

IMF official says GCC ‘a bright spot' amid challenging global economic scenario

The Gulf Co-operation Council (GCC) remains "a bright spot in the world economy" in the current challenging global economic scenario, noted Bo Li, deputy managing director, International Monetary Fund, while launching the IMF's 2025 GCC report 'Enhancing Resilience to Global Shocks: Economic Prospects and Policy Challenges for the GCC Countries' at Doha Forum 2025.According to Li, the global economic context remains challenging and despite the challenging external environment, the GCC economies have been resilient and the GCC growth is expected to accelerate from 3.3% in 2025 to 4.4% in 2026.“The world economy is adjusting to a landscape that is being shaped by major structural transformations, ranging from geopolitics and trade relations to new technologies and demographic shifts. In this environment, global growth remains subdued and risks to the outlook are tilted to the downside," said Li.Li noted that the outlook shows some differences across regions. He explained: “While economic growth is set to slow in some parts of the world, the GCC remains a bright spot in the world economy. In an environment characterised by heightened global uncertainty, trade tensions and a decline in oil prices and a conflict in the region, the GCC economies have demonstrated remarkable resilience.”He noted that the resilience results from a combination of favourable external conditions and good policies. “It is fair to say that the resilience of the GCC over the past year has largely been the result of good policies, prudent macroeconomic policies and strong structural reform momentum,” he highlightedThe official said the GCC economic growth will be bolstered by the continued strength of non-hydrocarbon economy amid diversification efforts.“In this uncertain environment, the overarching policy objective is to enhance resilience and accelerate economic diversification irrespective of oil prices,” he continued.Li stated that the continued challenge for fiscal policy is to balance the objectives of intergenerational equity, economic diversification, and counter-cyclical stabilisation.“Amid high global uncertainty, financial sector policies should continue to proactively manage systemic risks. Accelerating and prioritising reforms will support the transition to a new growth model. In this regard, diversification efforts would benefit from the deepening of domestic financial markets and the fostering of new and more diverse international economic relationships,” he stressed.“In this regard, I am very happy to see the theme of this year's Doha Forum, ‘Justice in Action’ which is very appropriate. We look forward to deepening further our excellent partnership on capacity development with the GCC countries,” he added. 

A PT Garuda Indonesia aircraft at Soekarno-Hatta International Airport in Cengkareng. Indonesian sovereign wealth fund Danantara’s growing momentum in state-firm restructuring is putting fresh focus on its $1.4bn bet on PT Garuda Indonesia, a key test of its ability to revive other troubled companies.
Business

Danantara’s $1.4bn Garuda play emerges as key reform test

Indonesian sovereign wealth fund Danantara’s growing momentum in state-firm restructuring is putting fresh focus on its $1.4bn bet on PT Garuda Indonesia, a key test of its ability to revive other troubled companies.The distressed carrier’s full-year results due to be published in March will offer the first clues on whether the bailout is gaining traction, with investors watching for signs that Garuda has begun to erase years of capital deficit. The financial support is Danantara’s largest deployment to date, adding pressure for the rescue plan to deliver results.“All eyes will be on Garuda’s prospective turnaround,” said Harry Su, managing director of research at Samuel Sekuritas Indonesia. “This will set the base for investors to gauge other potential state-owned enterprises success stories by Indonesia’s sovereign wealth fund going forward.”Danantara is in discussion for $500mn in support for steelmaker PT Krakatau Steel and is poised to restructure $5bn of debt owed by the consortium which operates Whoosh, the country’s first high-speed rail, by the end of the year. Construction firms PT Waskita Karya and PT Wijaya Karya are among companies that also need restructuring.The stakes are high for Danantara to get Garuda back on solid footing amid the fund’s broader ambitions to overhaul roughly 900 state-owned firms under its umbrella. A successful turnaround would bolster the fund’s credibility and signal to investors that it can drive reforms across Indonesia’s state holdings.The rescue package for Garuda is expected to bring its assets back above its liabilities by $183mn by the end of the year, the carrier said in a stock exchange filing. Its deficit would have stood at $65mn in June, after taking the capital injection into account, compared to an actual deficit of $1.5bn, it said.In a sign of improving investor sentiment, the company’s shares have climbed 51% since late June, when Danantara first aided the carrier with a $405mn loan. Its dollar-denominated sukuk maturing in 2031 has gained 42% as well to trade at around 90 cents on a dollar, underscoring firmer recovery expectations.Still, some analysts have raised doubts about the sustainability of Danantara’s support for Garuda, noting limitations on the use of the capital injection and that the carrier is operating with only about half the fleet it had before the pandemic. Rising leasing costs for new planes and the absence of a longer-term plan also pose headwinds.“The $1.4bn won’t be enough to put the airline on stable footing,” said Shukor Yusof, founder of aviation consultancy Endau Analytics Pte. “Garuda needs to get rid of all the excesses, fix the years of mismanagement and someone in the government or Danantara has to drive the changes to turn the airline around.”Garuda’s recovery will be key, not just as a validation of the fund’s model but also due to the carrier’s national importance. The 76-year-old airline is a major employer and a key mode of transport for the country made up of 17,000 islands over an area spanning the distance from New York to London. It is also set to play a role in the trade deal between Indonesia and the US with aircraft purchases.“Danantara seems to be taking things a lot faster with all these mergers and streamlining of the state-owned enterprises,” said Rain Yin, sovereign analyst at S&P Global Ratings. “That is one efficiency that we do seem to be observing in this process and also in supporting the SOEs under it.”The restructuring of Garuda will provide a proof of concept on how Danantara can turn around other state companies and allow them to grow in a sustainable way. The outcome will shape the fund’s plan to consolidate the state sector into roughly 200 competitive, globally focused companies and support President Prabowo Subianto’s target of 8% annual economic growth.“Danantara is a big bet” for Indonesia, said Alessandro Gazzini, managing director at Alvarez & Marsal Inc in Jakarta. “This will be a test case for long term solution of troubled state-owned companies and whether Danantara can find a way to introduce more business and market oriented solutions to solve some of these problems.” 

Yasir al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund.
Business

Saudi wealth fund plans to more than double investments in Japan

Saudi Arabia’s sovereign wealth fund is looking to increase its investments in Japan to about $27bn by the end of 2030 as the kingdom looks to deepen ties in Asia and expand in areas from critical minerals to financial markets.The Public Investment Fund aims to deploy more capital after investing $11.5bn in Japan from 2019-2024, Governor Yasir al-Rumayyan said at the FII Priority Asia Summit in Tokyo Monday. He highlighted spending in public and private markets and predicted recently-launched exchange traded funds between Saudi Arabia and Japan will “go further”.“Asia is big for us. We want to have better ties, better relationships, better procurement process, access to the supply chain,” al-Rumayyan said. “Japan at some stage was one of the largest partners for Saudi Arabia and we want to get that back.”Japan is Saudi Arabia’s third-largest trading partner at present. The sovereign wealth fund expects its investments in the country to contribute as much as $16.6bn to Saudi Arabia’s gross domestic product, al-Rumayyan said. He also hopes to see more return investment to the kingdom in areas including travel and tourism.Those sectors are among six areas of priority for the $1tn PIF under its 2026-2030 investment strategy, which is set to be unveiled early next year. The board has approved that plan and will be hammering out details over the next few days at a summit on the Red Sea in Saudi Arabia, al-Rumayyan said.The comments suggest Japan will remain a priority for PIF global investment as the fund seeks to increase its annual deployment of capital to $70bn after this year. It allocated nearly $57bn across priority sectors in 2024.Saudi Arabia has been leaning more heavily into its relationships with Asian nations in recent years as it seeks to draw more foreign partners to help advance the country’s multi-trillion dollar Vision 2030 economic transformation programme.There’s been a strong emphasis on the financial sector, with multiple ETFs launched in markets including mainland China, Hong Kong and Japan to track Saudi assets over the last two years. Asian banks have emerged as major financiers for Saudi entities. In energy, Saudi Arabia is working with Japan on developing the market for blue ammonia.Additionally, the kingdom is developing Dragon Ball and anime theme parks at its Qiddiya mega entertainment city on the outskirts of Riyadh in partnership with Japan. The FII Tokyo conference held on November 30-December 1 was the second FII event ever held in Asia. 

A view of the Leonardo logo during the 55th International Paris Airshow at Le Bourget Airport near Paris on June 16. Leonardo’s aerostructures division employs about 4,000 people in four Italian plants. It had 2024 revenue of €746mn ($784mn).
Business

Saudi wealth fund closes in on investing in Leonardo business

Saudi Arabia’s sovereign wealth fund is in advanced talks to invest in Leonardo SpA’s aerostructures unit following months of negotiations, according to people familiar with the matter.  Under the deal being discussed, the two parties would create a global unit for aerostructure works, said the people, asking not to be identified discussing a private matter. The talks between the Italian defence contractor and the kingdom’s Public Investment Fund, reported earlier this year by Bloomberg, are largely complete, they said.  A planned meeting between Italian Prime Minister Giorgia Meloni and Saudi Crown Prince Mohammed bin Salman at a Gulf summit in Bahrain could be pivotal in securing final government approvals, the people said.  Representatives for Leonardo and the Italian government, which owns 30% of the company, declined to comment, while officials at the Saudi fund didn’t immediately respond to a request for comment outside of regular business hours in the country. Working with Leonardo would give the Gulf kingdom greater exposure to a key global manufacturing industry as Prince Mohammed seeks to diversify Saudi Arabia’s economy from oil.  For Leonardo, a deal would bring financial support for a division that’s been losing money. It supplies major structural parts for Boeing Co’s 787 Dreamliner, but suffered losses partly tied to a production slowdown in the US.  That has affected activity at Leonardo’s plants, though Boeing is now ramping up output again of the widebody jet. Leonardo’s aerostructures division employs about 4,000 people in four Italian plants. It had 2024 revenue of €746mn ($784mn).  One possible outcome is for the Italian aerospace firm to build a civil aviation manufacturing plant in Saudi Arabia, Bloomberg reported in February. The kingdom is also keen to participate in a next-generation fighter jet, a costly project on which the Italian company is working with partners in the UK and Japan.  Italy and Saudi Arabia have recently deepened economic ties. A meeting between the two leaders in January paved the way for deals valued at about $10bn.  

Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa al-Thani at the Franca Fund Gala.
Qatar

M7 and Franca Fund host inaugural gala to advance future of preventive genomics

M7 hosted the Franca Fund Gala on Nov 23 at the Museum of Islamic Art, honouring the life and legacy of the late Franca Sozzani, editor-in-chief of Vogue Italia, by raising funds to drive research in preventative genomics.The event, in partnership with The Franca Sozzani Fund for Preventive Genomics, took place as Qatar marks its cultural journey over the past 50 years with Evolution Nation, a celebration highlighting both the nation’s cultural milestones and its aspirations for the future.The gala was co-hosted by Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa al-Thani, Qatar Museums Chairperson and Fashion Trust Arabia Co-Chair; Francesco Carrozzini, Co-Founder, Franca Sozzani Fund for Preventive Genomics and Sozzani’s son; and global editorial director at Vogue and chief content officer for Condé Nast and longtime friend of Sozzani, Anna Wintour. Among the VIPS in attendance includes Queen Rania Al Abdullah of Jordan.“This evening, we have come together to honour the vision of Franca Sozzani, who used fashion to disrupt, to talk about difficult topics, and to give the voiceless a voice. In the presence of her family, we celebrate her courage and resilience, as we join to advance the work of The Franca Sozzani Fund for Preventive Genomics,”“Tonight’s gala underscores our commitment to reimagine healthcare through cutting-edge science, combined with the highest ethical standards, global advocacy, and compassionate care. These vital goals are the core of Franca Fund as well as our other beneficiaries this evening: the Qatar Cancer Society and the Xana Foundation in Barcelona,” said HE Sheikha Al Mayassa.The event raised more than $4mn, which will directly support the work of The Franca Fund and its visionary goal: to support ongoing research programs in preventive genomics at Harvard Medical School and Mass General Brigham, led by internationally acclaimed physician-scientist and Harvard Professor of Medicine (Genetics) Dr Robert Green. He is considered a pioneer in the responsible use of DNA analysis to detect and provide early treatment or prevention of inherited conditions that affect millions of children and adults worldwide.In a statement, Carrozzini said: “My mother believed that ideas should never sit still. She once told me, ‘If it’s not daring, it’s not new. And if it’s not new, it won’t matter.’ That was Franca – fearless, restless, always pushing everyone, including herself, to see what others haven’t yet seen”.Advancing equity in access to medical care, HE Sheikha Al Mayassa announced a donation to the Qatar Cancer Society (QCS), founded and chaired since 1997 by Dr Khalid bin Jabor al-Thani. Serving as a voice of awareness and a platform of support for all those facing the journey of cancer treatment, QCS offers every patient a renewed sense of hope, providing financial assistance to more than 10,770 cancer patients.HE Sheikha Al Mayassa also announced a contribution to the Xana Foundation in support of the launch La Casa De Las Xanas. The Xana Foundation was born to offer warm support and steadfast companionship to families whose children face serious illnesses. 

A Saudi man walks past the logo of Vision 2030 in Jeddah (file). The PIF is the key entity tasked with helming Saudi Arabia’s economic diversification program known as Vision 2030, which includes dozens of mega-construction projects like Neom and the historical heritage site of Diriyah.
Business

Saudi PIF exits nine US stocks to drag holdings to 2025 low

Saudi Arabia’s sovereign wealth fund exited positions in almost a dozen US-listed stocks in the third quarter, including Pinterest Inc and industrial gas firm Linde Plc, taking the value of its holdings in American equities to the lowest in almost a year.The $1tn Public Investment Fund also sold off all of its stakes in Prologis Inc and Air Products and Chemicals Inc, which is co-developing a green hydrogen plant in Saudi Arabia’s Neom, according to a Bloomberg News analysis of the fund’s latest 13F filing.The PIF pared its holding in Lucid Group Inc, while maintaining positions in Uber Technologies Inc and Electronic Arts Inc. The total value of the wealth fund’s US portfolio stood at $19.4bn, down about 18% from the prior period and the lowest level of 2025.The move follows a series of exits in the prior period, including from Meta Platforms Inc and FedEx Corp, and comes as the PIF sharpens its focus on domestic companies and prioritises local investment to help drive the kingdom’s economic diversification plans.The latest 13F disclosure also comes just days before Crown Prince Mohammed bin Salman is due to visit President Donald Trump at the White House, in what will be the Saudi leader’s first official visit to the US since 2018.Agreements on security, semiconductors and nuclear technology are expected to feature on the agenda. Trump will also be looking for Saudi Arabia to follow through on a pledge to invest hundreds of billions of dollars in the US after his visit to the kingdom in May.Chaired by the crown prince, the PIF is the key entity tasked with helming Saudi Arabia’s economic diversification program known as Vision 2030, which includes dozens of mega-construction projects like Neom and the historical heritage site of Diriyah.That job has become more challenging in recent years as subdued oil prices deepen the government budget deficit, heaping more pressure on the PIF to drive spending in the local economy. Still, the fund plans to continue deploying more capital in the years ahead.The PIF has said it aims to put $70bn to work after 2025, with the lion’s share of that going to Saudi investments. It deployed $57bn across priority sectors in 2024, according to its annual report.More insights on the fund’s 2026-2030 investment strategy is expected to be released early next year, Bloomberg has reported.

The Qatar Investment Authority (QIA), the country's sovereign wealth fund, has invested in d-Matrix, a pioneer in generative AI (artificial intelligence) inference for data centres
Business

QIA invests in d-Matrix; joins Series C $275mn funding round

The Qatar Investment Authority (QIA), the country's sovereign wealth fund, has invested in d-Matrix, a pioneer in generative AI (artificial intelligence) inference for data centres.Valued at $2bn and bringing the total raised to date to $450mn, d-Matrix will use the new capital to advance their roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing, most efficient data centre inference platform for hyperscalers, enterprise, and sovereign customers.The oversubscribed round attracted leading investment firms across Europe, North America, Asia, and the Middle East. The funding was co-led by a global consortium including BullhoundCapital, Triatomic Capital, and Temasek, and welcomed new investors including QIA and EDBI, alongside follow-on participation from M12, Microsoft’s Venture Fund, as well as Mirae Asset, Industry Ventures, and Nautilus Venture Partners.d-Matrix's full-stack inference platform combines breakthrough compute-memory integration, high-speed networking, and inference-optimised software to deliver 10× faster performance, 3× lower cost, and 3–5× better energy efficiency than GPU-based systems.This step-change in performance and efficiency directly addresses growing AI sustainability challenges. By enabling one data centre to handle the workload of ten, d-Matrix offers a clear path to reducing global data centre energy consumption while enabling enterprises to deliver cost-efficient, profitable AI services without compromise.“From day one, d-Matrix has been uniquely focused on inference. When we started d-Matrix six years ago, training was seen as AI’s biggest challenge, but we knew that a new set of challenges would be coming soon,” said Sid Sheth, chief executive officer and co-founder of d-Matrix.“We predicted that when trained models needed to run continuously at scale, the infrastructure wouldn't be ready. We've spent the last six years building the solution: a fundamentally new architecture that enables AI to operate everywhere, all the time. This funding validates that vision as the industry enters the Age of AI Inference,” he added.Investor confidence reflects d-Matrix’s differentiated technology, rapid customer growth, and expanding network of global partners — including the recently announced d-Matrix SquadRack open standards-based reference architecture with Arista, Broadcom, and Supermicro.A strong product roadmap featuring 3D memory-stacking innovations and a customer-centric go-to-market strategy further establishes d-Matrix as a cornerstone of the new AI infrastructure stack.

Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier PT Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet.
Business

Garuda’s fleet growth at risk as Danantara trims funding

Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier PT Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet.Garuda will now receive 23.7tn rupiah ($1.4bn) from PT Danantara Asset Management, an arm of the wealth fund, through a private placement, which comprises a cash injection and a loan conversion, according to an exchange filing. The airline was supposed to obtain $1.8bn under a plan drawn up last month.In addition to covering finance expenses and providing working capital, Danantara Asset would have helped with fleet expansion. However, Danantara Asset notified Garuda that “there is also an adjustment to the planned use of funds, which no longer includes fleet expansion,” the airline said in a separate statement.The carrier has struggled financially since the Covid-19 pandemic and has grounded an increasing number of planes because of difficulties making maintenance payments. The number of idled jets operated by the company and subsidiary low-cost carrier PT Citilink Indonesia rose to 51 as of June, nearly 40% of the group’s total fleet, and up from 33 a year ago.Leasing new planes comes with high price tags amid a dearth of available aircraft and a global surge in travel. The carrier earlier this year paid twice as much to lease a Boeing Co 737 Max jet than it does for older 737 jets.Garuda should focus on getting some of its grounded planes flying again, said Gerry Soejatman, a Jakarta-based independent aviation analyst.“Ordering new planes for early delivery is going to be very expensive, and probably less prudent financially,” he said. “It is better to see the grounded jets being put back into service or returned to lessors before Garuda place big aircraft orders.”

Gulf Times
Qatar

QIA and ORIX partner to launch USD 2.5 billion Japan-targeted private Equity platform

Qatar Investment Authority (QIA) and Japan's ORIX Corporation (ORIX) announced Tuesday that they have entered into an agreement to launch a commitment-based private equity (PE) fund (OQCI Fund LP). The total fund size will be the yen equivalent of USD 2.5 billion, with QIA committed to contributing USD 1 billion of the fund's capitalThe fund will invest in Japanese companies, primarily targeting business succession, privatization of listed companies, and carve-outs (the transfer of business divisions or subsidiaries from large corporations), with an enterprise value investment size of at least 30 billion yen (approx. 200 million USD) per investment.This marks the first time that ORIX has launched a fund that welcomes capital from an international third-party investor for domestic private equity investment in Japan. It is also the first time QIA has invested in a domestic private equity fund focused solely on the Japanese market.Investment decisions for the fund will be made by OQCI GP Ltd. (the GP), which will act as the general partner of the fund. ORIX and QIA will be the only two investors (LPs) in the fund, committed to contributing 60% and 40% of the capital, respectively. ORIX will provide the GP with introductions to potential investment targets, post-investment monitoring, and advisory support for portfolio companies.CEO of QIA Mohammed Saif Al Sowaidi said: "Japan represents a core component of QIA's long-term private equity strategy. With disciplined valuations, a deep pipeline of governance-driven deals, and growing global investor interest, we see this as an exceptional opportunity to partner with best-in-class Japanese businesses to create value. We are pleased to be the first international partner in ORIX's inaugural private equity fund in Japan in its 60-year history. This partnership will enable both parties to capitalize on market opportunities and support ORIX's ambition to build a thriving asset management initiative.""We are honored to enter into this partnership with Qatar Investment Authority today. QIA is a significant and influential sovereign wealth fund, and we are pleased to be able to help it increase its investments in the Japanese economy. ORIX has built up considerable expertise in private equity investment in Japan," Representative Executive Officer, Chairman and CEO of ORIX Makoto Inoue said."This partnership is the next logical step on the path to improving the corporate value of companies with high-growth potential. Moreover, it will contribute to Japan's broader industrial development. Increasing the portion of third-party funds in ORIX's investment portfolio will enhance capital efficiency and help further grow our asset management business. This partnership is a key strategic move to help realize our long-term growth strategy," he added.Following the guidelines published by Japan's Ministry of Economy, Trade and Industry (METI) and the request for management reforms by the Tokyo Stock Exchange, Japan's M&A market has been seeing a surge in listed companies going private, corporate reorganizations, and carve-outs. As deal sizes become larger, and against the backdrop of Japan's stable economy and society, an increasing amount of foreign capital has been flowing into the market.ORIX and QIA will together aim to enhance the corporate value of companies with high-growth potential and contribute to the advancement of Japanese industry. They will also explore opportunities for collaboration across other fields.

QFFD, EAA and KTI officials at the partnership signing ceremony
Qatar

Qatar, UK unite to tackle youth unemployment

Qatar Fund for Development (QFFD), Education Above All (EAA), and King's Trust International (KTI) have signed an agreement to tackle global youth unemployment and empower young people worldwide, with the aim of reaching over 51,000 youth.In a statement, QFFD said that the signing ceremony, held on the sidelines of King's Trust International's 10th anniversary celebrations in London, and was signed by Fahad Hamad al-Sulaiti, Director General of QFFD, Mohammed Saad al-Kubaisi, Chief Executive Officer of Education Above All Foundation and Will Straw, Chief Executive Officer of King's Trust International.This partnership, with QFFD as a principal benefactor, will advance KTI's Generation Potential campaign and expand the reach of programmes across Pakistan, Jordan, Nigeria, Ghana and the Caribbean, focusing on promoting youth empowerment, economic inclusion, and gender equality.These efforts aim to equip the next generation with the skills, confidence, and opportunities they need to thrive in an increasingly complex job market, while placing a particular emphasis on youth in fragile and underserved communities, especially young women and marginalised groups, empowering them to play an active role in driving sustainable development and building resilient, inclusive societies.Fahad Hamad al-Sulaiti, Director General of QFFD, stated: "At the heart of our mission at QFFD lies a deep belief in the potential of young people to shape a better and more sustainable future for all. Through this partnership, we are investing in youth as catalysts of development, equipping them with the tools and opportunities to lead positive change within their communities. Empowering youth is an investment in peace, prosperity, and shared humanity, and together we are reaffirming our collective commitment to ensure that no young person is left behind."Mohammed al-Kubaisi, CEO of EAA Foundation, said: "At Education Above All Foundation, we believe that empowering youth with the skills and knowledge to navigate the green economy is fundamental to achieving sustainable development. With the support of our strategic partner, Qatar Fund for Development, and through our collaboration with The King's Trust International, we are creating opportunities that not only transform individual lives but also drive collective action toward a more equitable and resilient world."Will Straw, Chief Executive of King's Trust International, added: "We are deeply grateful to Qatar Fund for Development for their visionary support. This partnership enables us to reach more young people than ever before, equipping them with the skills, confidence, and support they need to shape their own futures. Young people today face enormous challenges, from economic instability to the climate crisis. But they also represent our greatest hope. Through this partnership with QFFD, we are not only investing in their potential but are amplifying their voices, unlocking their talents, and standing alongside them as they build a better future for us all."This partnership reflects the enduring bilateral relations and shared vision between Qatar and the United Kingdom, united in their commitment to advancing human development, fostering social inclusion, and expanding economic opportunity, thereby contributing to a more equitable and sustainable global future.

Gulf Times
Qatar

QFFD-QRCS medical convoy in Guyana concluded

Qatar Red Crescent Society (QRCS) has completed a multi-specialisation medical convoy in Guyana, funded by Qatar Fund for Development (QFFD).During the seven-day mission, the volunteering medical team from Hamad Medical Corporation and Sidra Medicine examined a total of 140 patients and performed 48 major surgeries, in light of the needs specified by the Ministry of Health, as follows: 16 cardiac catheterisations, 13 cancer surgeries, four paediatric gastrointestinal surgeries, and 15 urology surgeries.Apart from the medical team, there was a delegation from QFFD and QRCS, headed by Mohamed Ahmed al-Beshri, assistant secretary-general, Communication and Resource Development at QRCS. Members of the delegation included Dr Izzadeen Gaffar, coordinator, Medical Convoys Project at QRCS and Yousef al-Mulla, acting director of Humanitarian Aid Department at QFFD. They were received by Mohamed Ibrahim al-Rumaihi, Chargé d’Affaires at the Embassy of Qatar in Guyana, who helped facilitate the delegation’s mission and coordinate with local authorities.Two training workshops were delivered by the gynaecology and urology consultants for 38 local doctors. In addition, 30 medical professionals received on-the-job training during the procedures,Georgetown Public Hospital Corporation was supported with the medical supplies and equipment needed for cardiac catheterisation and specialised surgeries, helping upgrade the hospital’s resources and ensure continued services following the end of mission.Dr Mohamed Irfaan Ali, President of Guyana, held a special reception for the Qatari delegation, in the presence of al-Rumaihi. He praised Qatar’s support for his country during the Covid-19 pandemic, through the deployment of a fully equipped field hospital and the provision of ventilators and vaccines.