Qatar: Qatar's sovereign wealth fund wants to invest in data centers and warehouses
Jun 26, 2021 | Posted by Eric Bell
The Qatar Investment Authority wants to start investing in data centers and warehouses. This is because the real estate sector is struggling because of the covid-19 pandemic. Chief Executive of the sovereign wealth fund, Mansoor bin Ebrahim al Mahmoud, told an economic forum organized by Bloomberg that it is analyzing the sector to find out what the opportunities are.
Although the Qatar Investment Authority has $295.2 billion in assets, it has not been involved in data centers. Instead, it focused on traditional property developments. It owns many properties, including the site of the Chelsea Barracks, the Olympic Village, Harrods, and part of the Heathrow Airport.
The Covid-19 pandemic has put many traditional real estate companies in instability, making most of them change their investment strategies. QIA would be doing the same by investing in data centers and warehouses as the sectors have boomed since the pandemic started.