How Qatar's $85bn Wealth Fund is Funding Global Empire
Today, Qatar has the highest per capita income in the world, according to the CIA.
Its preeminent economic status is largely due to the fact that it also has the third largest gas reserves and is the leading liquid natural gas exporter in the world, according to the New York Review of Books.
The country's sovereign wealth fund - the Qatar Investment Authority (QIA) - is the 12th largest in the world with $85 billion in assets. Through holding and property subsidiaries, Qatar has gobbled up billions of dollars in real estate, retail, sporting, financial, and cultural investments. This year, according to Bloomberg, the QIA intends to spend $30 billion
Source: Business Insider
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The Life Of Luxury May 23rd 2013
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