QIA, Goldman Sachs sign MoU to expand strategic partnership with $25billion investment target

Doha, Qatar: Qatar Investment Authority (QIA) and Goldman Sachs Asset Management signed a Memorandum of Understanding to expand their strategic partne...

Doha, Qatar: Qatar Investment Authority (QIA) and Goldman Sachs Asset Management signed a Memorandum of Understanding to expand their strategic partnership and enhance bilateral cooperation.

A statement from QIA said that it targets committing a combined total of $25 billion to funds managed by Goldman Sachs Asset Management and co-investment opportunities. QIA will support Goldman Sachs Asset Management across both existing business strengths and new business growth, as well as direct investment opportunities.

The expanded partnership will see QIA commit as an anchor investor in several of Goldman Sachs’ flagship and innovative strategies and will enhance cooperation between Goldman Sachs and the State of Qatar on numerous levels.

Goldman Sachs and its Value Accelerator network will provide resources to the State of Qatar to help achieve national development objectives, benefiting the broader financial ecosystem and fostering connectivity with regional and global partners.

Goldman Sachs will look to provide strategic advisory services and guidance on capital formation, M&A opportunities and the development of Qatar’s economy and capital markets, including by encouraging foreign direct investment opportunities and supporting the growth of key Qatari companies.