Qatar Investment Authority eyes up Russian energy and property sectors

A delegation from Qatar including ruling family member and  Qatar Investment Authority (QIA) sovereign wealth fund chief Sheikh Abdullah bin Mohammed bin Saud Al-Thani  is to use next month’s  St. Petersburg Economic Forum to explore the possibility of investing in Russia’s  oil, gas and real estate sectors, its  Ambassador to Russia Saud bin Abdullah Al-Mahmoud confirmed yesterday. The delegation will be led by Finance Minister Al Sharif al-Imadi.
In 2014, the QIA – one of the world’s biggest wealth funds- joined forces with the  Russian Direct Investment Fund (RDIF) and agreed to invest $2bn in a range of infrastructure projects including Moscow’s new ring road and a fast-speed train line.