Qatar is continuing its overseas investment drive. It has set up a $1bn fund to invest in power and water and is buying 15% of Total’s Congo interests.
Qatar’s state-owned power firm, sovereign wealth fund QIA and Qatar Petroleum have formed a $1bn investment fund, Nebras Power, to invest in overseas power and water projects, QP announced on 20 May. The fund will first target MENA and Southeast Asia given that Qatar has most traction in these regions, which are where its deals have already reached a more advanced stage. (CONTINUED - 729 WORDS)