The Qatar Investment Authority will open an office in New York to manage the fund’s growing investments in the United States.
The opening of the New York office was announced by the Qatari ambassador to the United States, according to the state news agency.
"Ambassador Mohammed bin Jaham al-Kuwari revealed the Qatar Investment Authority's plans to open an office in New York in order to manage the growing investment portfolio in the US market," the Qatar News Agency said.
The fund, which controls more than $100 billion in funds, has traditionally focused on European investments, and in January took control of the company that owns London’s Canary Wharf.
Despite a drop in revenue due to the fall in global oil prices, Qatar is moving forward with its aggressive investment strategy abroad, seeking to secure the state’s long-term financial future after its gas fields run dry.
Last fall, the QIA announced that it would invest $20 billion in Asia, including a $10 billion investment fund with CITIC Group in China.