ST. PETERSBURG (Pakistan Point News / Sputnik - 06th June, 2019) Qatar, which holds significant part of world's oil and natural gas reserves, intends to use the country's sovereign wealth fund to invest in other types of energy, Qatari Finance Minister Ali Shareef Emadi said on Thursday at a panel discussion at St. Petersburg International Economic Forum (SPIEF).
"In the coming years, we will experience a huge energy transformation and energy will play a leading role around the world in medium and long terms. Energy will remain an important part of our economy. That is why the role of the sovereign wealth fund of Qatar is important. The future of our country depends on it. At the same time, this fund will also invest in other types of energy," the minister said.
SPIEF has opened on Thursday and will run through Saturday. Rossiya Segodnya International Information Agency is an official media partner of the forum.
