Qatar Investment Authority and Spain’s COFIDES launch $348m joint investment fund

RIYADH: Qatar Investment Authority and Spain’s state-owned COFIDES have agreed to establish a €300 million ($327 million) joint investment fund targeting strategic projects across the European country, with a focus on green transition, digital transformation, and technological innovation. In a statement, QIA described the launch of this joint venture as a significant milestone in the relationship between both parties and in their shared commitment to supporting sustainable economic development and innovation in Spain.