Qatar Investment Authority and Goldman Sachs Target $25bn Investment Expansion

Qatar Investment Authority (QIA) and Goldman Sachs have signed a preliminary agreement to significantly expand their strategic partnership, setting a target of $25 billion in investments across Goldman-managed vehicles and co-investment opportunities.

Under the memorandum of understanding, QIA will act as an anchor investor in a number of the US bank’s flagship and newer investment strategies, according to a joint statement released on Tuesday. The agreement also includes plans for Goldman Sachs to meaningfully increase its headcount in Doha, although specific figures were not disclosed.

The expanded partnership comes as Qatar continues efforts to diversify its economy and attract greater levels of foreign investment. As part of this push, the country has been steadily strengthening its financial sector, drawing increased interest from global asset managers and investment banks looking to deepen ties with local institutions.

QIA, which manages approximately $580 billion in assets according to data from Global SWF, is among the world’s largest sovereign wealth funds and has been actively deploying capital across a broad range of asset classes.

Commenting on the agreement, QIA CEO Mohammed Saif Al-Sowaidi said the expanded partnership would enhance access to high-quality investment opportunities aligned with the fund’s long-term strategy.

“The expanded partnership provides QIA with premium deal flow in sectors critical to our investment strategy, including AI, fintech, digital infrastructure and private credit,” Al-Sowaidi said.

For Goldman Sachs, the agreement strengthens an already established relationship with one of the world’s most influential institutional investors, while supporting its continued expansion of operations in Doha.