Qatar Investment Authority (QIA)

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Definition of 'Qatar Investment Authority (QIA)'

The Qatar Investment Authority (QIA) is a sovereign wealth fund based in Doha, Qatar. It was established in 2005 with an initial endowment of $1 billion. The QIA's mission is to invest Qatar's wealth for the benefit of future generations.

The QIA is one of the largest sovereign wealth funds in the world, with assets under management of over $300 billion. It invests in a wide range of assets, including equities, bonds, real estate, and infrastructure. The QIA has also made a number of high-profile investments in major companies, such as Barclays, Credit Suisse, and Volkswagen.

The QIA has been criticized for its opaque investment practices and its close ties to the Qatari government. However, it has also been praised for its success in generating returns on its investments.

The QIA plays a significant role in the Qatari economy. It provides funding for government projects, supports local businesses, and helps to diversify the country's economy. The QIA is also a major player in the global economy, and its investments have a significant impact on the financial markets.

The QIA is a complex and controversial institution. However, it is clear that it plays a major role in the Qatari economy and the global economy.

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