Qatar Wealth Fund plans to invest an additional $500 billion in the United States over the next 10 years

In his first 15 years with the Qatar Investment Authority, Mohamed Sowore helped the agency explore the US market and search for investment opportunities. Now, as head of the $524 billion state fund, he is pledging to invest nearly the same amount of the fund's current total assets in the US - part of a major economic commitment by the Gulf states. In an interview in Doha, Sowore said the QIA plans to invest an additional $500 billion in the US over the next decade. The huge amount of money will be invested in the fund's traditional focus areas such as artificial intelligence, data centres and healthcare, while aligning with US President Donald Trump's strategy of "reindustrialising America". The 500 billion commitment represents about 42% of the total amount of the $1.20 trillion economic cooperation framework Qatar signed this week with Trump's visit to the United States.