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Definition: Qatar Investment Authority
The Qatar investment authority was established in the year 2005. It is a government controlled entity and manages the sovereign wealth of the nation. The major source of their wealth comes from oil and gas reserves. It is managed by a board of directors. The QIA can invest in domestic and foreign markets and assets ranging from marketable securities, equity markets and other long term assets. It not only generates wealth for the nation for also diversifies the risk by investing in wide varieties of asset class.
QIA was established to manage the surplus revenue from oil and natural gas resources. Prior to 2005 the a small team from finance ministry managed the budget surplus. However to efficiently manage the burgeoning surplus QIA was established. It invested in other sectors beside oil and in international markets of USA, Europe and the region of Asia-Pacific.
Major investment is in Barclays where QIA holds 12.7 % of the shares. It has a 17 % stake in Volkswagen group and a minority interest in Fisker Automotive. It is also the largest shareholder in Sainsbury. It was also behind the buyout of Miramax from Disney. It has a 3 percent stake in royal Dutch shell and owns the French football club P.S.G. It has invested heavily in real estate property in India and large petro-chemical project in Malaysia and Singapore.
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