Cable Viewer

Currently released so far... 12439 / 251,287

### Browse latest releases

2010/11 2010/12 2011/01 2011/02 2011/03 2011/04 2011/05
2010/11/28 2010/11/29 2010/11/30
2010/12/01 2010/12/02 2010/12/03 2010/12/04 2010/12/05 2010/12/06 2010/12/07 2010/12/08 2010/12/09 2010/12/10 2010/12/11 2010/12/12 2010/12/13 2010/12/14 2010/12/15 2010/12/16 2010/12/17 2010/12/18 2010/12/19 2010/12/20 2010/12/21 2010/12/22 2010/12/23 2010/12/24 2010/12/25 2010/12/26 2010/12/27 2010/12/28 2010/12/29 2010/12/30
2011/01/01 2011/01/02 2011/01/04 2011/01/05 2011/01/07 2011/01/09 2011/01/10 2011/01/11 2011/01/12 2011/01/13 2011/01/14 2011/01/15 2011/01/16 2011/01/17 2011/01/18 2011/01/19 2011/01/20 2011/01/21 2011/01/22 2011/01/23 2011/01/24 2011/01/25 2011/01/26 2011/01/27 2011/01/28 2011/01/29 2011/01/30 2011/01/31
2011/02/01 2011/02/02 2011/02/03 2011/02/04 2011/02/05 2011/02/06 2011/02/07 2011/02/08 2011/02/09 2011/02/10 2011/02/11 2011/02/12 2011/02/13 2011/02/14 2011/02/15 2011/02/16 2011/02/17 2011/02/18 2011/02/19 2011/02/20 2011/02/21 2011/02/22 2011/02/23 2011/02/24 2011/02/25 2011/02/26 2011/02/27 2011/02/28
2011/03/01 2011/03/02 2011/03/03 2011/03/04 2011/03/05 2011/03/06 2011/03/07 2011/03/08 2011/03/09 2011/03/10 2011/03/11 2011/03/13 2011/03/14 2011/03/15 2011/03/16 2011/03/17 2011/03/18 2011/03/19 2011/03/20 2011/03/21 2011/03/22 2011/03/23 2011/03/24 2011/03/25 2011/03/26 2011/03/27 2011/03/28 2011/03/29 2011/03/30 2011/03/31
2011/04/01 2011/04/02 2011/04/03 2011/04/04 2011/04/05 2011/04/06 2011/04/07 2011/04/08 2011/04/09 2011/04/10 2011/04/11 2011/04/12 2011/04/13 2011/04/14 2011/04/15 2011/04/16 2011/04/17 2011/04/18 2011/04/19 2011/04/20 2011/04/21 2011/04/22 2011/04/23 2011/04/24 2011/04/25 2011/04/26 2011/04/27 2011/04/28 2011/04/29 2011/04/30
2011/05/01 2011/05/02 2011/05/03 2011/05/04 2011/05/05

### Browse by creation date

66 72 73 75 79 85 86 87 88 89 90 91 92 93 96 97 00 01 02 03 04 05 06 07 08 09 10
1966/12
1972/02 1972/08
1973/04
1975/03
1979/08
1985/03 1985/06
1986/05
1987/06
1988/01
1989/12
1990/01 1990/07 1990/08 1990/10
1991/05
1992/01 1992/06 1992/12
1993/10
1996/11
1997/12
2000/05 2000/06 2000/09 2000/11
2001/02 2001/03 2001/06 2001/07 2001/09 2001/10 2001/11
2002/01 2002/02 2002/03 2002/04 2002/07 2002/08 2002/09 2002/11
2003/01 2003/02 2003/03 2003/04 2003/05 2003/06 2003/07 2003/08 2003/09 2003/10 2003/11 2003/12
2004/01 2004/02 2004/03 2004/04 2004/05 2004/06 2004/07 2004/08 2004/09 2004/10 2004/11 2004/12
2005/01 2005/02 2005/03 2005/04 2005/05 2005/06 2005/07 2005/08 2005/09 2005/10 2005/11 2005/12
2006/01 2006/02 2006/03 2006/04 2006/05 2006/06 2006/07 2006/08 2006/09 2006/10 2006/11 2006/12
2007/01 2007/02 2007/03 2007/04 2007/05 2007/06 2007/07 2007/08 2007/09 2007/10 2007/11 2007/12
2008/01 2008/02 2008/03 2008/04 2008/05 2008/06 2008/07 2008/08 2008/09 2008/10 2008/11 2008/12
2009/01 2009/02 2009/03 2009/04 2009/05 2009/06 2009/07 2009/08 2009/09 2009/10 2009/11 2009/12
2010/01 2010/02

### Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z
Embassy Athens Embassy Asuncion Embassy Astana Embassy Asmara Embassy Ashgabat Embassy Apia Embassy Ankara Embassy Amman Embassy Algiers Embassy Addis Ababa Embassy Accra Embassy Abuja Embassy Abu Dhabi Embassy Abidjan Consulate Auckland Consulate Amsterdam Consulate Adana American Institute Taiwan, Taipei
Embassy Bujumbura Embassy Buenos Aires Embassy Budapest Embassy Bucharest Embassy Brussels Embassy Bridgetown Embassy Bratislava Embassy Brasilia Embassy Bogota Embassy Bishkek Embassy Bern Embassy Berlin Embassy Belmopan Embassy Belgrade Embassy Beirut Embassy Beijing Embassy Banjul Embassy Bangkok Embassy Bandar Seri Begawan Embassy Bamako Embassy Baku Embassy Baghdad Consulate Barcelona
Embassy Copenhagen Embassy Conakry Embassy Colombo Embassy Chisinau Embassy Caracas Embassy Canberra Embassy Cairo Consulate Curacao Consulate Ciudad Juarez Consulate Chennai Consulate Casablanca Consulate Cape Town Consulate Calgary
Embassy Dushanbe Embassy Dublin Embassy Doha Embassy Djibouti Embassy Dili Embassy Dhaka Embassy Dar Es Salaam Embassy Damascus Embassy Dakar Consulate Dubai
Embassy Freetown
Embassy Guatemala Embassy Gaborone Consulate Guayaquil Consulate Guadalajara
Embassy Helsinki Embassy Harare Embassy Hanoi Consulate Ho Chi Minh City Consulate Hermosillo Consulate Hamilton Consulate Hamburg Consulate Halifax
Iran RPO Dubai Embassy Islamabad Consulate Istanbul
Embassy Jakarta Consulate Jerusalem Consulate Jeddah
Embassy Kyiv Embassy Kuwait Embassy Kuala Lumpur Embassy Kinshasa Embassy Kingston Embassy Kigali Embassy Khartoum Embassy Kathmandu Embassy Kampala Embassy Kabul Consulate Kolkata
Embassy Luxembourg Embassy Luanda Embassy London Embassy Ljubljana Embassy Lisbon Embassy Lima Embassy Lilongwe Embassy La Paz Consulate Lahore Consulate Lagos
Mission USOSCE Mission USNATO Mission UNESCO Embassy Muscat Embassy Moscow Embassy Montevideo Embassy Monrovia Embassy Minsk Embassy Mexico Embassy Mbabane Embassy Maputo Embassy Manila Embassy Manama Embassy Managua Embassy Malabo Embassy Madrid Consulate Munich Consulate Mumbai Consulate Montreal Consulate Monterrey Consulate Milan Consulate Melbourne
Embassy Nicosia Embassy New Delhi Embassy Ndjamena Embassy Nassau Embassy Nairobi Consulate Naples Consulate Naha
Embassy Ouagadougou Embassy Ottawa Embassy Oslo
Embassy Pristina Embassy Pretoria Embassy Prague Embassy Port Of Spain Embassy Port Louis Embassy Port Au Prince Embassy Phnom Penh Embassy Paris Embassy Paramaribo Embassy Panama Consulate Peshawar
Embassy Quito Consulate Quebec
REO Basrah Embassy Rome Embassy Riyadh Embassy Riga Embassy Reykjavik Embassy Rangoon Embassy Rabat Consulate Rio De Janeiro Consulate Recife
Secretary of State Embassy Suva Embassy Stockholm Embassy Sofia Embassy Skopje Embassy Singapore Embassy Seoul Embassy Sarajevo Embassy Santo Domingo Embassy Santiago Embassy Sanaa Embassy San Salvador Embassy San Jose Consulate Strasbourg Consulate St Petersburg Consulate Shenyang Consulate Shanghai Consulate Sao Paulo
Embassy Tunis Embassy Tripoli Embassy Tokyo Embassy The Hague Embassy Tel Aviv Embassy Tehran Embassy Tegucigalpa Embassy Tbilisi Embassy Tashkent Embassy Tallinn Consulate Toronto Consulate Tijuana
USUN New York USEU Brussels US Office Almaty US Mission Geneva US Interests Section Havana US Delegation, Secretary UNVIE Embassy Ulaanbaatar
Embassy Vilnius Embassy Vienna Embassy Vatican Embassy Valletta Consulate Vladivostok Consulate Vancouver
Embassy Windhoek Embassy Wellington Embassy Warsaw
Embassy Yerevan Embassy Yaounde
Embassy Zagreb

### Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ASEC AORC AMGT APER AU AF AS ACBAQ AFGHANISTAN AFIN AR AE AMED AEMR AJ ADANA AG ATRN ADPM APECO AGAO AX AM AL ADCO AA AECL AADP ABUD AMEX ACAO ANET AODE ASCH AY APEC AID AORG ASEAN AFSI AFSN AINF AGR AROC AO AFFAIRS ASIG ABLD ASUP AND ARM ARF AC AQ ATFN ACOA ADM AUC AGMT AMBASSADOR AMG ACABQ ASEX AFU AER ALOW AZ APCS AVERY AN AGRICULTURE AORL ASECKFRDCVISKIRFPHUMSMIGEG AMCHAMS AIT ACS
BR BA BD BL BTIO BO BF BU BEXP BX BILAT BRUSSELS BK BN BM BT BY BIDEN BG BH BB BE BP BC BBSR BTIU BWC BMGT
CH CY CA CU CS CO CVIS CPAS CMGT CE COUNTER CASC CR COUNTRY CJAN COUNTERTERRORISM CBW CNARC CG CI CWC CB CD CDC CIDA CJUS CDG CBSA CEUDA CM CLMT CAC CODEL COPUOS CIC CW CBE CHR CFED CT CONS CIA CTM CVR CF CLINTON CSW CITEL CLEARANCE COE CN CACM CDB CACS CBC CARICOM CAN CONDOLEEZZA CV CITT COM CKGR CARSON CROS CAPC CTR CL CICTE CIS
DR DHS DEA DTRA DA DJ DPRK DEPT DO DOMESTIC DAO DCM DE DK DEAX DOE DS DEFENSE DISENGAGEMENT DOD
ECON EFIN ELAB ETRD EIND EC EINV EAGR ENRG ETTC EAID EPET ELTN EWWT EAIR EFIS EMIN EG EU ER EUN EPA ENVI EXTERNAL ECPS ENGR ETRC ECIN EN ES ELN ET EI EFINECONCS EINT ETRDEINVTINTCS ETRDEINVECINPGOVCS EZ ETRO EDU ETRN EFIM EFTA EAIG EK EUREM EURN ECONCS ECONOMICS ENVR ELECTIONS EAP ERD ENIV ECONOMY ESA EINN ECONOMIC EIAR EXBS ECA ECUN EINDETRD EUR EREL ENGY EAIDS ENERG EINVEFIN EUC EINVETC EUMEM EINVECONSENVCSJA ESENV ETRA ECONEFIN ETC ECIP ENNP ERNG ETRDECONWTOCS EUNCH ECINECONCS EXIM EEPET
FR FREEDOM FTA FJ FARC FI FTAA FAC FBI FOREIGN FOI FDA FM FAO FAS FINR FOR FINANCE FMLN FO FISO
GM GV GOI GT GY GOV GL GAERC GH GG GA GR GF GCC GE GZ GTIP GANGS GERARD GLOBAL GAZA GTMO
HA HK HR HUMAN HO HU HILLARY HUMOR HI HURI HEBRON HSTC HYMPSK
IR IS IZ IAEA IO IAHRC ID IPR IC IT IRAQI IWC IN IRS IL ISLAMISTS IV ICAO INDO ITPHUM ITPGOV ITALIAN ICRC INTERPOL IQ IMO IBET INR ITRA INTERNAL ICJ INMARSAT ICTY IMF ILO INRA INRO ISRAELI IEA INRB ITALY IRC ITU IACI IBRD IIP IRAJ ILC INTELSAT IDA ICTR IA IZPREL IGAD IF IEFIN IDP ITF ISRAEL
JA JUS JP JO JOSEPH JM JAMES JOHNNIE JOHN
KN KCRM KOMC KNNPMNUC KIPR KPAL KWBG KSCA KFRD KNNP KUNR KTIP KWMN KSTC KFLU KOLY KISL KPAO KMDR KJUS KDEM KS KSTH KCOR KIRF KAWC KU KTFN KWAC KNPP KERG KSEO KACT KHLS KPRP KTDB KZ KFLO KBIO KGHG KTIA KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KCRCM KE KOCI KPKO KHDP KIFR KCIP KDRG KRVC KVPR KV KMPI KCFC KIDE KICC KSUM KGIT KCFE KG KBTS KSEP KGIC KPAI KHSA KTLA KTEX KFSC KPLS KHIV KCSY KSAC KTRD KID KMRS KOM KSAF KR KMOC KNAR KIRC KBCT KSPR KFIN KBTR KJUST KNEI KAWK KGCC KMCA KREL KMFO KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KFTFN KICA KVRP KCOM KO KLIG KPIN KAID KRAD KSCI KESS KDEV KVIR KCRS KTBT KCGC KNSD KOMS KRIM KMIG KTER KDDG KPRV KRFD KHUM KREC KWMNCS KSEC KPOA KWWMN KX KCMR KPWR KCHG KRGY KPAK KWMM KRCM KWNM KPAONZ KNUC KDEMAF KNUP
LY LE LO LG LH LI LTTE LAB LOG LA LABOR LT LU
MARR MOPS MASS MCAP MTCRE MNUC MIL MX MEDIA MEPP MA MR MO MASSMNUC MPOS MU ML MAR MP MY MERCOSUR MG MD MW MK MAS MT MI MOPPS MASC MTS MLS MILI MTRE MV MEPN MAPP MTCR MEPI MCC MZ MDC MEETINGS MQADHAFI MAPS MARAD MRCRE MILITARY MC MIK MUCN
NATO NL NZ NPT NI NSF NE NU NG NAFTA NS NDP NIPP NP NPA NO NK NRR NSC NEW NH NR NA NZUS NATIONAL NSG NC NSFO NSSP NASA NT NAR NGO NW NV NPG NORAD NATOPREL
OTRA OAS OPRC OIIP OVIP OREP OPDC OMIG OEXC OPIC OSCE OFFICIALS ODIP OFDP OECD OBSP OPCW OTR OSAC OSCI ON OIC OFDA OCII OES OPAD OIE OVP OHUM OCS
PREL PGOV PK PHUM PINS PARM PA PTER PINR PREF PHSA PBTS PBIO PO POL PE PARMS PM PGIV PROG PL PAK POLITICS PORG PTBS PNAT PUNE POLICY PDOV PCI PROP PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PBT PP PS PAO PG PY PTERE PGOF PALESTINIAN PKFK PSOE PEPR PPA PINT PMAR PRELP PSEPC PREFA PGOVE PINF PHUMPGOV PNG PMIL PGOC PFOR PF POLINT PRAM PCUL PLN PAS PHUH POGOV PHUMPREL PRL PROV PHUMBA PEL PECON PSA PGGV PNR POV PHALANAGE PARTY PGOVLO PHUS PDEM PREO PAHO PSI PINL PU PRGOV PAIGH POLITICAL PARTIES POSTS
QA
RS RU REACTION REPORT REGION RW RP RIGHTS RO RCMP RF RM RFE RSP ROBERT RICE RIGHTSPOLMIL ROOD RELATIONS RUPREL RSO
SU SNAR SO SOCI SW SENV SMIG SCUL SP SZ SK SENVKGHG SR SY SNARN SA SI SN SPCVIS SL SYRIA SF SC SWE SARS SHUM STEINBERG SG SIPRS ST SEVN SIPDIS SSA SPCE SHI SNARIZ SH SOFA SAN SNARCS SEN SYR SAARC SANC SCRS
TRGY TBIO TU TF TERRORISM TI TSPL TPHY TH TIP TW TSPA TC TO TX TZ TNGD TT TL TV TS TRSY TINT TN TURKEY TBID TD TFIN TP TAGS TK TR THPY
UNGA UN UK US UNC UNSC USUN USTR UG UP UY USEU UNESCO USPS UNMIK UZ UNHRC UNO UNAUS UNHCR UNCHR USAID UNVIE UAE USOAS UNFICYP UV UNDESCO UNEP UNDC UNCHC UNDP UNODC UNCND UNCHS UNIDROIT UNCSD UNICEF USNC UNPUOS UE
VT VE VTPREL VM VAT VZ VI VN VTIZ VC VTEG
WS WTRO WTO WTRQ WI WZ WHO WFP WBG WHA WWARD WB WA WMO WITH WMD WIPO WHTI WEU
XA XF XM XL XW XV XB XU XR XY XS XG XT XH XE XK XX XD XI XTAG XQ XZ XC
YE YM YI YMCS
ZI ZP ZB ZO ZU ZEALAND ZK ZR ZF ZOELLICK ZN ZANU ZL ZA ZJ

### Browse by classification

CONFIDENTIAL CONFIDENTIAL//NOFORN SECRET SECRET//NOFORN UNCLASSIFIED UNCLASSIFIED//FOR OFFICIAL USE ONLY

### Community resources

Follow us on Twitter Check our Reddit Twitter this Digg this page Contact us on IRC

courage is contagious

### Viewing cable 09DOHA691, QATAR INVESTMENT AUTHORITY'S 2010 INVESTMENT

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs
Understanding cables
Every cable message consists of three parts:

- The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
- The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
- The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.

To understand the justification used for the classification of each cable, please use this WikiSource article as reference.
Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #09DOHA691.

Reference ID | Created | Released | Classification | Origin
--- | --- | --- | --- | ---
09DOHA691 | 2009-11-25 11:11 | 2011-04-07 00:12 | CONFIDENTIAL | Embassy Doha
Appears in these articles: http://www.ft.com/cms/s/0/cc350008-5325-11e0-86e6-00144feab49a.html

`

    VZCZCXRO8370
    PP RUEHDE RUEHDH RUEHDIR
    DE RUEHDO #0691/01 3291144
    ZNY CCCCC ZZH
    P 251144Z NOV 09
    FM AMEMBASSY DOHA
    TO RUEHC/SECSTATE WASHDC PRIORITY 9535
    INFO RUCPDOC/DEPT OF COMMERCE WASHINGTON DC PRIORITY
    RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE
    RUEHBJ/AMEMBASSY BEIJING 0373
    RUEHBR/AMEMBASSY BRASILIA 0039
    RUEHBU/AMEMBASSY BUENOS AIRES 0001

` `

    QATAR INVESTMENT AUTHORITY'S 2010 INVESTMENT STRATEGY OUTLINED
    Class: 	CONFIDENTIAL
    Date: 	Wed Nov 25 11:44:00 2009
    Key: 	09DOHA691
    Tags: 	PGOV, EFIN, EINV, AR, BR, CH

    C O N F I D E N T I A L SECTION 01 OF 02 DOHA 000691

    SIPDIS

    E.O. 12958: DECL: 11/24/2019
    TAGS: PGOV EFIN EINV AR BR CH
    SUBJECT: QATAR INVESTMENT AUTHORITY'S 2010 INVESTMENT
    STRATEGY OUTLINED

    Classified By: Ambassador Joseph E. LeBaron for reasons 1.4 (b and d).

    --------------
    (C) KEY POINTS
    --------------

    -- Ambassador met November 24 with Qatar Investment Authority
    (QIA) xxxxxxxxxxxx to
    discuss QIA's future investment strategy.

    -- xxxxxxxxxxxx said that the QIA has developed a 2010
    investment strategy that will focus on three areas: acquire
    distressed businesses that have cash flow problems but are
    otherwise healthy; invest in a broad range of commodities;
    and purchase, in the second half of CY 2010, commercial real
    estate in prime locations, principally in the United States
    and Europe.

    -- He said that the QIA was also investing in joint ventures
    with agricultural companies in Argentina and Brazil.

    -- QIA will not invest with hedge funds or private equity
    companies in 2010, xxxxxxxxxxxx said, though this policy will
    be reviewed in 2011.

    End Key Points.

    ¶1. (C) At a November 24 meeting with Ambassador, Qatar
    Investment Authority (QIA) xxxxxxxxxxxx outlined Qatar's investment strategy for 2010.
    In response to Ambassador xxxxxxxxxxxx  said that
    for the first half of 2009, the QIA strategy was "to do
    nothing", but after analyzing current global economic
    conditions, it has developed a plan for the coming year. The
    strategy will focus on three sectors.

    ¶2. (C) The first area of the QIA's investment efforts will be
    the commodities sector. Ambassador asked xxxxxxxxxxxx  if he
    could be more specific, to which he replied that the QIA is
    interested in all types of commodities - oil, gas, gold,
    silver, and agricultural products. He shared his view that a
    structural change is underway in the commodities sector,
    strongly suggesting long-term price increases. The growth in
    the middle class of emerging countries such as China and
    India, for example, suggests higher food prices over the long
    term.

    ¶3. (C) xxxxxxxxxxxx also pointed to the weakness of the
    dollar as a factor guiding its investment strategy. The QIA
    predicts that the dollar will continue weakening. Even if
    there is near-term economic growth in the U.S., he said, it
    would raise the specter of inflation, weakening the dollar
    further. All this strongly suggested investments in
    commodities, including precious metals.

    ¶4. (C) In 2010 the QIA will also focus on business
    acquisition. It will seek to acquire businesses with good
    management and good products, but which have cash flow
    problems. "We are not interested in distressed assets or
    distressed debt. We are interested in distressed sellers",
    xxxxxxxxxxxx  said.

    ¶5. (C) The third part of the QIA's investment strategy will
    be in the real estate sector. xxxxxxxxxxxx  said that the QIA
    has not yet begun investing heavily in real estate assets,
    because it believes that prices will go lower through the
    first half of 2010.

    ¶6. (C) Ambassador asked xxxxxxxxxxxx  to go into more detail
    concerning the types of real estate assets the QIA was
    looking to acquire, and in what areas of the world.
    xxxxxxxxxxxx explained that the QIA was looking for prime
    commercial real estate, and expects QIA's best opportunities
    to be in the U.S. and Europe. He observed that East Asia
    real estate has become too expensive; there are no bargains
    there. He noted, however, that the QIA was in search of
    value, and that price alone would not be the determining
    factor in its investment decisions.

    ¶7. (C) In discussing Asian economic growth, he noted with
    approval China's ability to quickly make major spending
    decisions, particularly related to large scale
    infrastructure, contrasting it to the slowness he saw in the
    USG's release of stimulus monies. He predicted long term
    economic problems for the U.S. and Europe, which he believes
    are spending too much capital supporting big banks and big
    businesses and not enough to help save all the small

    DOHA 00000691 002 OF 002

    businesses in deep trouble.

    ¶8. (C) Ambassador asked whether the QIA intended to invest in
    real estate in other regions outside the U.S. and Europe.
    xxxxxxxxxxxx  replied that it was starting to invest in
    Brazil and Argentina, particularly in the agriculture sector.
    He said that QIA was also working with some agribusinesses
    in the U.S.

    ¶9. (C) Ambassador observed that Qatar has a number of
    agencies making investments both domestically and abroad, and
    asked xxxxxxxxxxxx  to clarify their respective roles.
    xxxxxxxxxxxx  gave the example of Qatari Diar, which he said is
    completely owned by QIA. While QIA itself focuses on
    investment in established enterprises, Diar focuses on
    development projects. He also pointed to groups such as
    Barwa and the National Hotel Corporation, which are now also
    owned by QIA but which will eventually be privatized.

    ¶10. (C) When asked by the Ambassador whether hedge funds and
    private equity groups would continue to have a role in the
    QIA investment plan, xxxxxxxxxxxx replied that the QIA would
    not invest in them at all during 2010. He said, however,
    that QIA would reconsider this position in 2011. He added
    that QIA considers the leverage buyout an obsolete business
    model.

    LeBaron

`