Qatar Fund Sees US Outlays Doubling After $500 Billion Pledge

Qatar’s wealth fund is set to see its annual outlays into the US double in coming years on the back of a $500 billion investment pledge.

“We believe in the growth and robustness of the US system,” Qatar Investment Authority Chief Executive Officer Mohammed Al Sowaidi said. The fund will likely double — and in some years more than double — its US spend compared to the past five or six years, he said at the Qatar Economic Forum in Doha on Tuesday.