U.S. infrastructure

December 19, 2016 Comments Off on Qatar’s $10B U.S. Infrastructure Intentions Views: 287 National News, Northeast, Top National Stories

Qatar’s $10B U.S. Infrastructure Intentions

The Qatar Investment Authority (QIA) shared its intent to invest $10 billion for infrastructure improvements in the United States. Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the QIA, delivered the message to U.S. officials in Doha last week.

The QIA, a sovereign fund, previously indicated its interest in investing $35 billion in unspecified projects in the U.S. between 2016 and 2021. It wasn’t clear if the recently announced $10 billion was part of the larger amount, or a separate investment. No time frame was provided. Analysts believe the Qatari investment could help grow ties between the incoming administration of President-Elect Donald Trump and Middle Eastern countries.

Read More at Reuters

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