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Qatar Investment Authority Expands into Australia, Korea and Southeast Asia

Qatari flag flutters in Doha - AAWSAT/File
Qatari flag flutters in Doha - AAWSAT/File
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Qatar Investment Authority Expands into Australia, Korea and Southeast Asia

Qatari flag flutters in Doha - AAWSAT/File
Qatari flag flutters in Doha - AAWSAT/File

The Qatar Investment Authority (QIA), the country's sovereign wealth fund, is in the middle of expanding into Australia, Korea and Southeast Asia, its top executive said on Thursday.

QIA also sees investment opportunities including carve-outs among conglomerates and take-private deals in Japan, and in the technology sector in India, Reuters reported.

QIA is one of the world's largest investors. The Sovereign Wealth Fund Institute has estimated that QIA runs $526 billion worth of total assets.

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

"We started Japan with the team maybe three years ago, now we are doubling it, we are going to hire more and more people so it is a market to focus for us," he said.

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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin to explore avenues for cooperation across various energy sectors.

The two sides signed on Tuesday a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests.

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural-gas markets, reducing market volatility, and improving energy supply security and supply chains.
The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilization, and storage. Additionally, it emphasizes digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy. These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.