Qatar’s Wealth Fund Plans $500 Billion US Push Over 10 Years

During his first 15 years at Qatar Investment Authority, Mohammed Al Sowaidi helped establish its US presence and scout opportunities. Now, as head of the $524 billion state-backed entity, he’s pledging to invest an amount nearly equal to the fund’s current size, as part of a major commitment by the Gulf nation.

QIA plans to invest an additional $500 billion in the US over the next decade, Al Sowaidi said in an interview in Doha. The sweeping new outlays will target areas traditionally favored by the fund — such as artificial intelligence, data centers and health care — while also aligning with President Donald Trump’s agenda to reindustrialize the US, he said.