QIA completed the merger with the telecommunications businesses of Qatar National Broadband Network and Gulf Bridge International.

Qatar Investment Authority, the sovereign wealth fund, completed the merger with the telecommunications businesses of Qatar National Broadband Network, a national passive fiber service provider, and Gulf Bridge International, a provider of high-capacity, low-latency, and resilient connectivity solutions. Financial terms were not disclosed. “This decision reinforces QIA’s commitment to Qatar’s Third National Development Strategy. By expanding the digital infrastructure ecosystem, we will attract further foreign direct investment, and serve as a catalyst for economic diversification. We aim to position Qatar as a leading digital hub both regionally and globally and connect Qatar to the world,” H.E. Mansoor Ebrahim Al-Mahmoud, QIA CEO.