Cable Viewer

Currently released so far... 12478 / 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

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

### 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

`