Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdul Rahman Al Thani said that 6 global capital funds will open an office or headquarters for them in Qatar, with the aim of achieving regional benefit, thanks to agreements signed by the Qatar Investment Authority with companies and investment entities to deploy capital locally and globally.
In a speech to him (Qatar Summit Qatar 2025), the Qatari Prime Minister explained that his country is developing an innovation platform that is in line with international opportunities, companies and industries.
He said that Qatar is reinstating its entire economy to be the first regional destination for startups, noting that his country has fulfilled what it promised during the (Qatar 2024 Web Summit) by investing one billion dollars in the emerging projects sector.
For its part, the Financial Times said that Qatar is using sovereign wealth to attract the country’s investment capital.
She pointed out that the Qatar Investment Authority will continue to invest most of its wealth abroad, and that Doha seeks to be a regional center for investment capital.
The British newspaper quoted the head of the funds in the Qatar Investment Authority, Mohsen Birza, that the device pumped nearly half a billion dollars last year, from a fund worth one billion dollars dedicated to attracting more investment capital to the startup sector.
The Qatar Authority establishes companies
Reuters also quoted Perza on the sidelines of the (Qatar 2025 web summit) that the sovereign wealth fund in Qatar is evaluating eight risk capital companies to add it to the “Fund Fund” program, which has already invested about $ 500 million in six companies.
Mohsen Birza said that the program will be entirely invested in its value amounting to one billion dollars if the eight additional companies were chosen. “At some point, there will be a talk about a possible expansion,” he added.
The Risk Capital program represents less than 0.2% of the Qatar Investment Authority’s possessions, which are estimated at $ 526 billion. The Qatar Investment Authority did not mention the additional funds under study.
Qatar, one of the major gas producers, has been seeking for years to diversify its local economy to attract financial companies to establish its business in Doha.
The Qatar Investment Authority has received requests from about 120 companies to join the program since its disclosure at (Qatar Summit 2024). So far, the BC Capital, Derfeld, Rasmal Vittshes, Wittopia, Bilders in C. and Human Capital have chosen. These companies will open regional offices or headquarters in Qatar, which Perzade said is not a condition but it is a very encouraging thing.
The “web summit” is the largest technical gathering that is held annually and receives thousands of partners, investors, leaders and technology experts from all over the world. Its first version started from Dublin in 2009, then expanded to organize annual technical activities in several countries around the world.
The “web summit” aims to develop technologies and software that contributes to enhancing effective communication between the chief executives, founders, investors, media, politicians and “leaders of cultural thought who contribute to shaping the future of the world.”
The State of Qatar hosted the first version of the web summit in the Middle East and Africa, from February 26 to February 2024 with the aim of involving the region in the most urgent technical issues in the world, and in line with the country’s third national development strategy, which aims to launch many initiatives to upgrade the system Technological works in the country. Currently, it hosts the second version.
