Qatar Wealth Fund plans to invest an additional $500 billion in the United States over the next 10 years

During his first 15 years at QIA, Mohammed al-Sawadi helped the fund explore the US market and search for investment opportunities. Now, as head of the $524 billion state fund, he is committing to invest nearly the same amount in the US as the fund's current total assets - part of a major economic commitment by the Gulf states. In an interview in Doha, Mr. Sawadi said the QIA planned to invest an additional $500 billion in the US over the next decade. The huge amount will be invested in the fund's traditional focus areas of artificial intelligence, data centres and healthcare, while aligning with President Donald Trump's "reindustrialising America" strategy. The 500 billion commitment represents about 42% of the total amount of the $1.20 trillion economic cooperation framework Qatar signed this week with Trump's visit to the United States.