Qatar Investment Authority (QIA), the gas-producer’s sovereign wealth fund, is in talks about investing in South Africa, Qatar’s Gulf Times reported on Thursday, citing South Africa’s trade minister.
“We are working with the QIA to identify projects,” Mandisi Mpahlwa is quoted as saying by the paper. South Africa will invite the QIA to invest in industries including telecommunications, finance and infrastructure, Mpahlwa said, according to the newspaper. It did not give more details.
The QIA manages assets worth about $60 billion for the world’s largest producer of liquefied natural gas, according to Standard Chartered Plc. The QIA in March said it agreed with Abu Dhabi’s International Petroleum Investment Co to set up a $2 billion fund to finance acquisitions in oil, petrochemicals and other industries. (Reuters)