Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, this week revealed plans to invest $35bn in the US over the next five years in a bid to further diversify its investment portfolio globally.

QIA, which manages the country’s energy-generated surplus revenue, made the announcement at the opening of its New York offices, which it hopes will help expand and develop its investment portfolio. The Doha-based fund is reported to have already invested $7bn in the US market to date. (CONTINUED - 631 WORDS)