Qatar wealth fund eyeing investment opportunities in China's retail, tech sectors

Those opportunities could involve public and private companies, Al-Kuwari said on Thursday during the Caixin Summit in Beijing.

Middle East investor activities in China have picked up as countries such as Saudi Arabia aim to cut oil dependence and boost new industries through partnerships with Chinese companies. Buyers from the Gulf have announced 13 acquisitions of Chinese targets so far this year, compared to just one during the same period last year and more than any other year since at least 1980, according to data compiled by LSEG.

Chinese funds are also seeking new capital sources in the Middle East, as headwinds including diplomatic tensions drive many U.S. investors out of the country. Several China equity funds, including hedge funds and mutual fundsCoca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages.

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