Qatar Investment Authority targets $45bn in US investments

Qatar Investment Authority aims to raise investments in the United States to $45bn in the next two years from around $30bn now, its chief executive said, as US Secretary of State Mike Pompeo visited Qatar as part of the US-Qatari strategic dialogue.

The Qatari fund was looking to balance investment, so the level of US investment is closer to that in Europe, Mansour Ibrahim al-Mahmoud told reporters on Sunday.

Visiting Doha on Sunday, Pompeo will hold talks with Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and a number of government officials from both sides.

A Qatari foreign ministry spokesperson said the talks – the second round of the US-Qatari strategic dialogue – would focus on a number of political, economic, defence and cultural fields, as well as the signing of a number of memorandums of understanding to enhance bilateral ties.

The first round of the strategic dialogue was held in January 2018 in the US after which the nations issued a joint statement emphasising the two countries’ commitment to promoting bilateral trade and investment, and addressing fiscal policy to reduce regulatory hurdles.

The two sides also signed a number of agreements and letters of intent in the fields of technology, energy and cooperation in sectors of sport, education, health, arts and culture.