DUBAI (Reuters)- Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion (1 billion pound) fund for global acquisitions, the managing director of IPIC said on Tuesday.
"We plan to invest in all sectors, including oil and petrochemicals," Khadem al-Qubaisi told Reuters by telephone in an interview.
The fund could thus mark a new direction for the International Petroleum Investment Co (IPIC), which until now has limited its investments to the energy sector.
