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Qatar to invest more in AsiaQatar to invest more in Asia
AlfredSokol said: "Qatar a country which gets much of its money in US dollars is looking to invest more in
Asia in order to diversify its holdings.
[quote]
Like so many other Middle Eastern states whose wealth is largely linked to oil, the majority of the QIA's income comes in dollars, in which customers pay for oil and gas. Kenneth Shen, the QIA's head of strategic and private equity, said: "Historically we have been investing mostly, or principally, in the United States and North America.
"So the strategy in terms of diversifying away from the dollar further...is to be investing outside of the United States, outside of Europe, into markets which are not as exposed to the dollar."
But he added that the QIA was not about to reduce the size of its dollar holdings, as many central banks in the region have done as the dollar continues to fall in the short-term.[/quote]
It doesn't say how big the amounts are, but it's a glimpse into the inner workings of a secretive fund."