Qatar Investment Authority plans to invest in five venture capital funds

Qatar Investment Authority (QIA) ‌plans to invest in five new ⁠venture capital funds, Greycroft, Ion Pacific, Liberty City Ventures, ​Shorooq, and Speedinvest, ‍as part of its expanded $3 billion 'fund of funds' venture ⁠capital program, ‌according ⁠to a statement on ‍Monday.

The new funds are ​set to open offices ⁠in Doha in an ⁠effort to develop Qatar as a venture ⁠capital hub, the statement ⁠added.