Qatar Sovereign Wealth Fund at DAVOS reasserts investment interest in Blockchain technology
During a Bloomberg TV interview at WEF Davos event, Mansoor Al Mahmoud, CEO, of Qatar Investment Authority, reaffirmed the fund's interest in investing in Blockchain technology, more precisely any application using Blockchain. Qatar’s sovereign wealth fund will use the current economic turmoil as an opportunity to rebalance its $450 billion portfolio. The Qatar Investment Authority is looking for opportunities in Europe, Asia and the US in sectors such as venture capital, fintech and sports except for crypto. As Al Mahmoud stated, “We are still not interested in crypto, yet we are interested in investing in Blockchain technology. Any application using Blockchain would be of our interest. This is a technology that came to remain. The QIA in October agreed to invest $2.5 billion in RWE AG to back the German utility’s purchase of US renewable assets. It was also a cornerstone investor in sports car brand Porsche AG’s IPO and has invested in a string of tech start-ups. Qatar...