Mohammed Al Sowaidi Takes Helm at Qatar Investment Authority

Qatar's emir has appointed Mohammed Al Sowaidi as the new CEO of the Qatar Investment Authority (QIA). Al Sowaidi, previously the chief of investments in the Americas, takes over from Mansour Ibrahim al-Mahmoud, who has been appointed as Qatar's new minister of health amid a cabinet reshuffle.

In a strategic move, Qatar's Emir has named Mohammed Al Sowaidi as the CEO of the Qatar Investment Authority (QIA). The announcement was made on Tuesday through the emir's office statement. Al Sowaidi previously oversaw the $510 billion sovereign wealth fund's investments in the Americas and played a key role in establishing its New York operations.

Al Sowaidi succeeds Mansour Ibrahim al-Mahmoud, who has been newly appointed as Qatar's minister of health. Addressing the Qatar Economic Forum in May, Al Sowaidi articulated the QIA's investment priorities, emphasizing long-term, thematic investments aligned with digitalisation, decarbonisation, sustainability, and inclusivity.

Amid a broader cabinet shuffle, Sheikh Faisal bin Thani bin Faisal Al Thani became the new minister of commerce and industry. Former minister of state for international cooperation, Lolwah bint Rashid Al-Khater, has been appointed as education minister, following her significant humanitarian efforts. Sheikh Saud bin Abdulrahman bin Hassan bin Ali Al-Thani takes up the role of deputy prime minister and minister of defence.

(With inputs from agencies.)