Gulf sovereign fund to invest $10bn in US infrastructure

The head of Qatar’s sovereign wealth fund has told US officials it will invest $10 billion in infrastructure projects inside the US, sources said, in an apparent boost to the economic plans of president-elect Donald Trump.
Sheikh Abdullah bin Mohamed bin Saud Al-Thani, CEO of the Qatar Investment Authority (QIA), delivered the message to officials including Charles Rivkin, US assistant secretary of state for economic and business affairs, in Doha on Monday, a Qatari official and another source close to the QIA told Reuters.
No time frame was given for the investment.
Both the QIA, one of the world’s largest sovereign funds, and a spokesman for the US embassy in Qatar declined to comment.
The QIA had previously said it intended to invest $35 billion in unspecified projects in the US between 2016 and 2021, and it was not clear if the $10 billion would form part of that larger amount, the official said.
Trump has said his economic plans include a major boost to infrastructure investment.

Source: Arab News