Qatar’s $450bn wealth fund mulls investments in soccer, financial institutions and tech

The head of Qatar’s $450bn sovereign wealth fund said it will use the current economic turmoil as an opportunity to rebalance its portfolio and is considering investments in soccer, financial institutions and tech.The head of Qatar’s $450bn sovereign wealth fund said it will use the current economic turmoil as an opportunity to rebalance its portfolio and is considering investments in soccer, financial institutions and tech.

Sovereign wealth funds from the oil-rich Gulf region continued to be active acquirers last year even as global deal volumes fall and banks cut bank lending for acquisitions. The QIA in October agreed to invest €2.4bn in RWE to back the German utility’s purchase of US renewable assets. It was also a cornerstone investor in sports car brand Porsche’s IPO and has invested in a string of tech start-ups.

After Qatar successfully hosted the most expensive World Cup ever, the fund is also considering investing in soccer clubs, but hasn’t decided whether to pull the trigger on any specific investment, Al Mahmoud said.

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