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QNA
Doha
Qatar is proceeding ahead with the development of investment policies to achieve the highest growth rates for pension funds, taking into account the risks that they can face in the medium and long term, Minister of Finance HE Ali Shareef al Emadi has said.
In his statement, which topped the annual report of the General Retirement and Social Insurance Authority (GRSIA) for the year 2017, Emadi said investment policies are developed in accordance with extensive technical studies, which enhance the ability of the authority to continue to provide the best returns to investors and their families.
The authority has taken deliberate measures to enable the pension funds to maintain their investment performance, with a growth rate of 6 percent in investment revenues compared to 2016, he added.
Over the past year, pension fund investments have reached QR90 billion and annual report of the authority, where most of them are centered in the country, has also referred to 98.8 percent of the total investment portfolio of the funds.
The report indicated that the Fund's insurance revenue was 53 percent versus 47 percent of investment revenue from total fund revenue in 2017, with funds achieving a 7 percent growth in total revenues for 2016.
The data show that the number of active civilian participants reached 68,000 and 874, an increase of 2391 participant, or 3.6 percent from 2016.
