DUBAI, (Reuters) – Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion fund for global acquisitions, the managing director of IPIC said on Tuesday.
“We plan to invest in all sectors, including oil and petrochemicals,” Khadem al-Qubaisi told Reuters by telephone in an interview.
IPIC and QIA will each invest $1 billion in the fund initially, Qubaisi said.
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