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.
Source: ITAR-TASS