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Qatar uses sovereign wealth to entice venture capital to Doha

Qatar is using its vast sovereign wealth fund to lure venture capital firms to Doha, making it the latest oil-rich Gulf state to convince financiers to set up outposts in its country in exchange for funding. Over the past year, the Qatar Investment Authority (QIA) has deployed “nearly half” of a $1 billion fund of funds aimed at bringing more venture capital to the country’s nascent start-up scene, its fund manager told the Financial Times.

Over the past year, the Qatar Investment Authority (QIA) has deployed “nearly half” of a $1 billion fund of funds aimed at bringing more venture capital to the country’s nascent start-up scene, its fund manager told the Financial Times. The $500 billion QIA is best known for snapping up stakes in high-profile global assets from Harrods to Heathrow Airport.

The $500 billion QIA is best known for snapping up stakes in high-profile global assets from Harrods to Heathrow Airport.