Qatar Investment Authority (QIA) and Goldman Sachs Asset Management (Goldman Sachs) have signed a Memorandum of Understanding (MoU) to expand their strategic partnership.
According to the statement, QIA aims to commit a total of $25 billion to funds managed by Goldman Sachs Asset Management, along with co-investment opportunities.
Furthermore, QIA will support Goldman Sachs Asset Management across both existing business strengths and new business growth, as well as direct investment opportunities.
Mohammed Saif Al-Sowaidi CEO – Qatar Investment Authority
“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 center.”
“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,” Al Sowaidi added.
The expanded partnership will establish QIA as an anchor investor in several of Goldman Sachs’ flagship and innovative strategies, strengthening the collaboration between Goldman Sachs and the State of Qatar across multiple dimensions.
As part of this, Goldman Sachs will significantly increase its headcount in Doha, transforming the office into a key strategic hub and the largest regional asset management office.
The expanded footprint will provide further resources to Qatari clients and support global clients in accessing economic opportunities across the wider region.
The firm 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, as per the statement.
