Qatar Investment Authority Eyes Carolina Investments
A delegation of business and government leaders representing the Qatar Investment Authority (QIA) is touring the Southeastern U.S. to scout investment opportunities, reports The Post and Courier of Charleston, S.C.
QIA eyes Southeast after London, New York real estate buys
After a round of high-end real estate investments in London and New York in recent years, the QIA is visiting Miami, Charleston and Hilton Head Island, S.C., Charlotte and Raleigh, N.C., and Washington, D.C., with the prospect of new investments in one or more of these areas. This is reportedly the QIA’s second visit to the Southeast this year, after an earlier visit in February.
“Over the past decade, Qatar has cemented its partnership with the U.S. in the form of direct investments, joint ventures and trade deals,” Ahmed bin Jassim bin Mohamed al-Thani, Minister of Economy and Commerce for Qatar, said in a statement. “These investments have contributed to the creation of countless new opportunities for investors and businessmen from both countries,” he added.
Qatar to invest a further $45 billion in the U.S.
The article notes the QIA has pledged a further $45 billion in U.S. investments of Qatar’s oil-generated wealth, with about one-fourth of those future investments to focus on infrastructure projects.
The exact itinerary for the current tour has not been released. However, the February visit included a visit to Boeing’s Dreamliner airliner campus in North Charleston, where officials reportedly met with Kevin McAllister, head of the commercial airplanes division of Boeing. The report notes Qatar already owns 94 Boeing planes and has ordered a further 60.