Arab News
Arab news, Wed, Oct 29, 2025 | Jumada al-Awwal 7, 1447
Qatar finance minister says AI to be big part of US investments, UK-Gulf trade deal close
Qatar:
Qatar’s finance minister said on Tuesday that
artificial intelligence would be a big part of planned Qatari investments in the
US.
“I would say most of the (QIA investment) will be
in technology and AI because we see the growth in this field, and it is going to
be rewarding,” Ali Ahmed Al-Kuwari said, speaking in Riyadh at the annual Future
Investment Initiative conference.
“Now we see the huge growth in the US economy is
coming from technology and AI and we believe this is one area we are going to
focus on,” he said.
The Qatar Investment Authority, Qatar’s sovereign
wealth fund, plans to at least double its annual US investments in the next
decade, its CEO said in May.
The fund had already pledged to invest $500
billion in the US economy over the next 10 years.
Al-Kuwari also highlighted the importance of the
sector for diversifying Qatar’s own economy and reducing its dependence on
hydrocarbon income.
Speaking alongside his British counterpart Rachel
Reeves, Kuwari said a trade agreement between the UK and the Gulf Cooperation
Council was “almost done.”
Reeves said on Monday she was confident a trade
deal with Gulf countries could be done quickly after she had “really good”
meetings about an agreement that could help her plan to speed up economic
growth.