# Qatar Investment Authority The **Qatar Investment Authority** (QIA) is the [[Sovereign Wealth Fund]] of [[Qatar]], set up in 2005 to invest the state's reserves. It manages more than $500 billion. Its chief executive since late 2024 is Mohammed Saif Al-Sowaidi, who earlier ran its U.S. office. ## The $500 billion pledge In May 2025, days after President [[Donald Trump]] visited Doha, Al-Sowaidi said the fund would invest an additional $500 billion in the United States over the next ten years, an amount close to its entire current size. He named artificial intelligence, data centers and health care as targets. The pledge is part of the larger investment commitment described at [[Qatari Influence]]. ## 666 Fifth Avenue In 2018 a unit of [[Brookfield Asset Management]] took over the lease on 666 Fifth Avenue, the Manhattan tower whose debt was weighing on the [[Kushner Companies]], while [[Jared Kushner]] was a senior White House adviser. The fund owned about 9 percent of that Brookfield unit, with no board seat. It said it had no involvement in the deal. Reuters reported in 2019 that Qatar first learned of the rescue from the press, at a time when Kushner was close to the Saudi crown prince leading the blockade against it, and then moved to avoid investments it does not fully control. The fund denied changing its strategy. See [[Qatar Diplomatic Crisis]]. ## Why it's on the map The fund is the financial arm of the influence strategy laid out at [[Qatari Influence]]: money placed in American companies, real estate and investment firms, alongside lobbying and university funding. [[Affinity Partners]] covers the Gulf funds behind Jared Kushner's investment firm, and [[Public Investment Fund]] is the Saudi counterpart. ## See Also - [[Qatar]] · [[Qatari Influence]] · [[Sovereign Wealth Fund]] · [[Public Investment Fund]] - [[Qatar Diplomatic Crisis]] · [[Kushner Companies]] · [[Brookfield Asset Management]] · [[Affinity Partners]]