Qatar’s $1bn fund to prioritise tech growth
Qatar Investment Authority (QIA) looks to launch the country’s first venture capital (VC) fund to invest more than $1 billion in regional and international VC funds.
The ‘Fund of Funds’ program will aim to attract international VC funds and entrepreneurs to Qatar and the wider GCC region, bringing 'deep VC and start-up expertise', the sovereign wealth fund said in a statement.
The investment program will prioritise the tech sector, including fintech, edtech and the healthcare sector.
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