Doha: Qatar Investment Authority's (QIA) investment portfolio in the United States is highly diversified, with the sovereign wealth fund now established as a long-term supportive shareholder in major American companies, according to Mohammed Al Mannai, Head of QIA Advisory USA.
According to Qatar News Agency, Al Mannai stated that QIA has developed a world-class asset portfolio in the United States, reflecting its commitment to pioneering, high-impact investments. He attributed the creation of this portfolio to the strong confidence in the resilience of the US economy and the significant growth opportunities it offers across various sectors. He noted that QIA invests in a diverse set of leading companies at the forefront of innovation and development, including those specialized in artificial intelligence, fintech and digital finance, healthcare, and space sciences.
Al Mannai highlighted several of QIA's key investments in the US market. In November 2024, QIA invested in Cresta, a comprehensive generative AI platform for contact centers. The platform integrates human employees and AI agents into a unified system designed to transform customer interactions and streamline workflows across all levels of contact center operations. In November 2023, QIA invested in Databricks, a California-based leader in data and AI platforms that enables large-scale data engineering, collaborative data science, full-lifecycle machine learning, and advanced analytics. In August 2022, QIA invested in Celonis, a New York-based global leader in process mining, which empowers companies to enhance operational efficiency and performance.
Looking ahead, Al Mannai emphasized that QIA will prioritize promising investment opportunities in the coming years, particularly in industries and information technology, with a strong focus on the semiconductor sector. He added that the United States is actively working to strengthen its global standing in artificial intelligence, semiconductor technology, and advanced manufacturing - fields in which QIA is making substantial investments through strategic partnerships and targeted capital allocations.
Commenting on the role of the Qatar Economic Forum in supporting QIA's US operations, Al Mannai said the forum provides a vital platform for convening high-level global experts to exchange ideas and explore future opportunities. He noted that this year's edition focused on the theme 'The Road to 2030: Transforming the Global Economy' - a key topic for understanding global economic shifts and strategic decision-making.
In response to a question on QIA's future sectoral focus in the United States, Al Mannai said the fund's interests are diverse and cover key sectors such as technology, innovation, healthcare advancement, manufacturing, supply chains, infrastructure, real estate, and data centers. When asked about QIA's plans to expand its venture capital and startup investments in the US, Al Mannai revealed that the Authority intends to invest $500 billion in the United States over the next decade, targeting critical sectors including artificial intelligence, data centers, and healthcare.
He also cited the launch of a $1 billion holding fund program, which aims to invest in international venture capital funds - including those based in the United States - as well as regional funds, with a strong emphasis on the technology and healthcare sectors. In conclusion, Al Mannai noted that several promising investment opportunities are currently emerging in their early stages, and the sovereign wealth fund continues to monitor these sectors closely.