Cable Viewer

Currently released so far... 12566 / 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 2011/05/06 2011/05/07 2011/05/08 2011/05/09 2011/05/10 2011/05/11 2011/05/12 2011/05/13 2011/05/14 2011/05/15

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

### 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 11:44 | 2011-04-07 00:00 | 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

`