Mohammed Al-Sowaidi Named CEO of Qatar Investment Authority

Qatar has appointed Mohammed Al-Sowaidi as the new CEO of its $510 billion sovereign wealth fund, the Qatar Investment Authority (QIA), succeeding Mansoor Al-Mahmoud, who is now the minister of public health. Al-Sowaidi, who has been with the QIA since 2010 and previously served as CIO for the Americas, will lead the fund at a pivotal time as Qatar aims to enhance its liquefied natural gas production. His leadership comes as the QIA shifts focus towards long-term investments in technology, healthcare, and sustainability, distancing itself from its previous emphasis on high-profile assets. Al-Sowaidi indicated that the fund is currently balanced between public and private assets and does not expect to provide dividends to the Qatari government before 2030. The QIA, which has played a significant role in global finance, is expected to receive substantial inflows due to increased gas production, further solidifying its influence in international markets.