What This Measures
QIA assets under management quantifies the total investment portfolio held by the Qatar Investment Authority, the state’s sovereign wealth fund. QIA’s mandate is to convert finite hydrocarbon revenues into diversified, long-term financial assets that sustain national prosperity beyond the fossil-fuel era. The size and growth trajectory of QIA’s portfolio is a direct measure of intergenerational equity — one of the five systemic challenges identified in QNV 2030.
Baseline
Approximately USD 115 billion (2010 estimate) — At the baseline, QIA had already built a significant global portfolio, including landmark positions in Barclays, Harrods, and various European real estate assets.
Current Value
Approximately USD 510 billion (2025 estimate) — QIA has grown its portfolio through sustained capital inflows from hydrocarbon revenues, investment returns, and strategic acquisitions. The portfolio spans global equities, fixed income, real estate, infrastructure, and private equity across six continents.
2030 Target
USD 600 to 700 billion — No official public target exists, but the NFE/NFS revenue windfall, combined with portfolio returns, supports growth toward this range. The implicit target is sustained portfolio growth that outpaces population growth and maintains per-capita sovereign wealth.
Status Assessment
On Track — QIA’s growth trajectory is robust, supported by diversified investment returns and anticipated capital inflows from expanded LNG revenues. The fund’s portfolio diversification — across asset classes, geographies, and sectors — reduces concentration risk relative to the hydrocarbon revenue base it is designed to offset.
Key Drivers
LNG export revenues providing sustained capital inflows. Investment returns across the global portfolio. Strategic acquisitions in technology, luxury brands, financial services, and infrastructure. Portfolio rebalancing toward growth-oriented asset classes including technology and renewable energy infrastructure.
What Needs to Happen
Maintaining growth trajectory requires disciplined fiscal policy that allocates a defined share of NFE/NFS revenues to QIA rather than consuming them in current expenditure. Portfolio management must navigate geopolitical investment risks, currency exposure, and the evolving global investment landscape. The deeper policy question is whether QIA’s portfolio growth is sufficient to sustain Qatar’s social contract when hydrocarbon revenues eventually decline — a calculation that depends on assumptions about population growth, government spending trajectories, and portfolio return rates over multi-decade horizons.