Qatar SWF to invest $30b this year

23 Mar 2010

(MENAFN) Qatari Prime Minister Sheikh Hamad bin Jassem bin Jabor Al Thani stated that the Qatar Investment Authority (QIA), the country’s sovereign wealth fund, invested $30 billion last year and is expected to match the same amount this year, Reuters reported.

Separately, Qatar and Bulgaria signed an agreement for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. The two countries also signed a Memorandum of Understanding (MoU) in the field of energy.

Qatar and Bulgaria agreed to set up a joint company that will explore investment opportunities in agriculture, energy and infrastructure projects.

The Prime Minister also said Qatar is expected to open its embassy in Sofia this year.

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