Qatar Investment Authority targets new growth in Australia, Korea and Japan

The Qatari flag blows in the wind at a park in Doha Qatar in this photo taken on February 17 2018 REUTERS-Yonhap — The Qatari flag waves in the wind at a park in Doha, Qatar, in this file photo taken in February 2018. Reuters-Yonhap

SEOUL, September 20 (AJP) - The Qatar Investment Authority (QIA), the nation's sovereign wealth fund, is currently expanding its presence in Australia, Korea, and Southeast Asia, according to its top executive on Thursday.

In addition, QIA is exploring investment opportunities in Japan, particularly in carve-outs from conglomerates and private equity deals, as well as in India's technology sector, Reuters reported.

QIA ranks among the world's largest investors, managing an estimated $526 billion in assets, according to the Sovereign Wealth Fund Institute.

"For Australia and Korea, we plan to begin hiring staff," said Abdulla Ali Al-Kuwari, head of Asia Pacific at Qatar Investment Authority Advisory, during the Milken Institute Asia Summit 2024 in Singapore.

He also noted that QIA started investing in Japan with a small team about three years ago and is now doubling its team to strengthen its focus on the Japanese market.

AJP

Qatar Investment Authority targets new growth in Australia, Korea and Japan

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