Qatar Investment Authority and Goldman Sachs sign MoU to expand partnership, with QIA targeting $25bn investments.
The two companies have signed a deal to expand their strategic partnership, with QIA targeting a combined commitment of $25bn to funds managed by Goldman Sachs Asset Management and co-investment opportunities.
Under the agreement, QIA will support Goldman Sachs Asset Management across both existing business strengths and new areas of growth, alongside direct investment opportunities. The expanded partnership builds on the longstanding relationship between the two institutions and is aimed at enhancing access to global investment opportunities.
Mohammed Saif Al-Sowaidi, CEO of Qatar Investment Authority, said: “QIA is pleased to partner with Goldman Sachs in this landmark agreement, which sees two institutions with aligned investment goals joining together to gain enhanced access to world-class investment opportunities for the years to come. This agreement builds on our longstanding relationship with Goldman Sachs and provides QIA with premium deal flow in sectors critical to our investment strategy, including AI, fintech, digital infrastructure and private credit. Importantly, this partnership extends beyond capital deployment. By committing to expand its presence in Doha as a key strategic hub for asset management, Goldman Sachs is reinforcing Doha’s position as a regional financial centre. This commitment will deliver meaningful benefits to our economy through knowledge-transfer, job-creation and enhanced expertise in alternative investments. We look forward to working with the Goldman Sachs team to source and execute transformational investments that generate strong risk-adjusted returns for Qatar’s future generations.”
David Solomon, Chairman and CEO of Goldman Sachs, said: “Qatar is on an exciting path of economic diversification, including the expansion of its impressive ecosystem of national champions, the development of its capital markets and the growth of its talent base. This creates substantial opportunity to widen the state’s impact, global connectivity, and attractiveness as a multi-faceted investment partner.”
As part of the expanded partnership, QIA will act as an anchor investor in several of Goldman Sachs’ flagship and innovative strategies. Goldman Sachs will also significantly increase its headcount in Doha, with the office set to become a strategic hub and the firm’s largest regional base for asset management.
