Doha: QIA said the new funds, Greycroft, Ion Pacific, Liberty City Ventures, Shorooq and Speedinvest, are expected to open offices in Doha. The move forms part of Qatar’s broader strategy to attract global venture capital firms, strengthen its entrepreneurial ecosystem and diversify the economy away from fossil fuel revenues.
The initiative falls under the “Fund of Funds” programme, launched in 2024, which aims to channel capital into venture firms willing to establish a presence in Qatar and support local and regional startups.
The expansion of the programme to up to $3 billion was announced on Sunday by Qatar’s Prime Minister, Sheikh Mohammed bin Abdulrahman Al Thani, during the opening of the Qatar edition of the Web Summit Qatar.
“This year, we move from momentum to scale,” Sheik
Qatar is set to expand its economic landscape by welcoming global venture funds, including Greycroft and Speedinvest, as part of a $3 billion initiative. This move aims to attract venture capital firms to Doha, enhancing the entrepreneurial ecosystem and reducing reliance on fossil fuels. The expansion is part of the 'Fund of Funds' programme, launched in 2024.