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QIA Investment Stratagy – Wikileaks 12, July 2011

Posted by thegulfblog.com in Qatar.
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I’ve just stumbled upon, once more, Wikileaks’ treasure-trove of interesting bits and pieces. In addition to HBJ voicing his concern over the security situation in Yemen and the Qataris noting that they doubt that their electricity infrastructure could cope with a nuclear reactor in Qatar, there was also an interesting conversation related by the American Ambassador after a member of the Qatar Investment Authority’s executive board, Dr Hussain Al Abdulla.

While there was nothing new in the conversation to those that pay attention to these things, it was pleasing to see the policies codified in black and white.

  • An interest in ‘any commodities’ – gold, silver, oil, gas, agricultural products. This was based on a belief that there are long-term structural changes afoot in these markets suggesting price increases.
  • Business acquisition.  QIA is “not interested in distressed assets or distressed debt. We are interested in distressed sellers.”
  • Real estate in US and Europe, not Asia.
  • Beginning to invest in South America – particularly in agriculture.

Regarding QIA’s various vehicles, again, there was nothing new to see, but a brief summary-

  • QIA itself as an investment company for established enterprises
  • Diar (wholly QIA owned) focussed on development projects
  • Barwa – owned by QIA, to be privatised at some date
  • National Hotel Corporation – owned by QIA, to be privatised at some date

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