Qatar's main government investment fund says that it is setting up a subsidiary in Indonesia targeting raw materials in the world's largest Muslim nation.
Qatar Holding said in a Thursday statement that the subsidiary, QH Indonesia, will initially have $1 billion to invest.
It says the Jakarta-based division will mainly focus on investments in Indonesian commodities and natural resources, but will also consider other sectors.
Qatar Holding is the main investment vehicle of the natural gas-rich Gulf nation's sovereign wealth fund. It is heavily invested in European companies, including Barclays, Credit Suisse and Volkswagen.
Indonesia has significant deposits of oil and gas, coal, copper and gold. It is also a major exporter of palm oil, lumber and rubber.
John Hawkins - 15 Excerpts That Show How Radical, Weird And Out of Touch College Campuses Have Become
How did the FBI manage to “lose” Sharyl Attkisson’s file?
Revealed: Hillary Clinton made the first move with Bill
Concealed Carry: What To Do When Stopped By The Police - Bearing Arms - Concealed Cary, Video
I'll Apologize for Robert Dear when Anjem Choudary Apologizes for the Paris Attacks | RedState
- What Is Your U.S. Income Percentile Ranking?
Importing Terrorism and Other American Values | Human Events