Wed, Aug 16, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Qatar Investment to continue its focus in Britain

Tuesday, February 18, 2014

Komfie Manalo, Opalesque Asia:

The $115bn Doha, Qatar-based Qatar Investment Authority said that Britain would remain as its main investment destination adding "the QIA was happy to invest more in the UK when the right opportunity came along" because of good revenues.

"Britain is one of our major destinations of our investment, It has a great system with great regulations. We have Harrods, we have other investments in Britain like Barclays, Sainsbury, Canary wharf and London Stock Exchange. We are happy to invest more when opportunities come along," said H.E. Ahmad Al-Sayed, CEO of QIA.

He said Qatar Holdings bought Harrods in 2010 at a time when the QIA management team has different ideas to improve the store. Since then, QIA implemented many changes and anyone can walk around the store and see the difference between 2010 and 2014. It will be four years this coming May since QIA made the acquisition. Al-Sayed said QIA spent £250m to improve the store and the strong performance showed that improvement. Sales were up 60 to 70% following their investment.

"Harrods represents British heritage. We are doing our best to take Harrods to the next level of performance and we are working hard with the management team to improve the store further. We are focusing on improving the quality, the performance and the service. The client’s view is extremely important to us. You can see we are really careful about what ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Crisis risk offset; about time?[more]

    This article was authored by Russell Barlow, global head of hedge fund solutions at London-based Aberdeen Asset Management. Like the ubiquitous force of gravity, when financial markets rise they must fall. The quest

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  5. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos