 Qatar Holding is the international investment arm of QIA.Since 2009, Qatar Holding has received $30–40bn a year from the state., it has investments around the world in Valentino, Siemens, Printemps, Harrods, The Shard, Barclays Bank, Heathrow Airport, Paris Saint-Germain F.C., Volkswagen Group, Royal Dutch Shell, Bank of America, Tiffany, Agricultural Bank of China, Sainsbury's, BlackBerry, and Santander Brasil.