By Shane McGinley
State-backed company plans to tap investment opportunities in Asian region
Qatar Holding, a subsidiary of the gas-rich Gulf state’s
sovereign wealth fund, has set up a $1bn fund to target investment
opportunities in Indonesia.
The fund, to be named QH Indonesia, will be based in Jakarta
“will identify and evaluate investment opportunities in Indonesia
specifically,” the company said in a statement.
The $1bn fund will mainly target commodities and natural
resources, it added.
Qatar Holding is a wholly-owned subsidiary of Qatar
Investment Authority, the country’s sovereign wealth fund. Its asset portfolio
includes stakes in Barclays Bank, Canary Wharf Group, J Sainsbury plc and the
London Stock Exchange.
The news comes days after Qatar said it would invest $1bn in
a joint investment fund with Malaysia to look for investments.
The fund will include $1bn from each country. Details of the
type of fund or the asset classes that will be invested in have not been