Qatar Investment Authority is discussing splitting its overseas investments, from its domestic portfolio, as part of a major restructuring citing Bloomberg reports on Wednesday.
The move, if confirmed, would consider establishing a new entity to hold domestic assets worth tens of billions of USD, to bolster the profile and long-term net worth of local champions.
QIA did not respond to Reuters for comment.
However, the Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani announced plans to support domestic firms in the oil-rich state at the World Economic Forum in Davos this week.
“We are looking… to double down on our national champions and expand this number,” he said.
The report comes as QIA pledged an $500B investment into the U.S. over the next decade last year as Qatar aims to diversify its economy from oil, specifically LNG.
QIA is currently expanding its partnership with Goldman Sachs, targeting $25B in investments by the SWF in co-investment opportunities.
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