Retail tech: Gulf wealth funds step up investments in Southeast Asia

Featured image of the article Retail tech: Gulf wealth funds step up investments in Southeast Asia
As venture capital financing plummets worldwide, sovereign funds such as Qatar Investment Authority have been making South Asian start-ups a new target. 
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On 8th November 2023, during the Caixin Summit in Beijing, Abdulla Al-Kuwari, a senior official of Qatar Investment Authority (US$475 billion in assets under management), said that the Qatari sovereign wealth fund was examining investment opportunities in China in the retail, healthcare, tech and logistics sectors. Based in Doha and an office in Singapore since 2021, QIA is a shareholder in British department stores’ Harrods, among others. In January 2022, the fund invested in Carsome, an onlin

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