Qatar Investment Authority to invest in Sauber.

Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, agreed to invest in Sauber, a Swiss motorsport engineering company. Financial terms were not disclosed. “Audi is a premium partner of choice with a rich motorsport legacy. As a long-standing investor in the Volkswagen Group, we believe in Audi’s vision and direction when entering Formula 1 and our investment will support the realization of this goal. QIA believes that Formula 1 is a sport with significant untapped investment potential. The increasing commercialization of professional sports as an entertainment offering globally, and the increasingly global popularity of Formula 1, has made for an exciting opportunity for our first major motorsports investment,” Mohammed Al-Sowaidi, CEO of QIA.