Mon, Sep 22, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali