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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar stakes in Siemens, Shell reflect drive to step up development

Posted on 24 May 2012

Efraim ChalamishQatar’s purchase of stakes in engineering group Siemens and oil giant Shell follow a pattern of the Gulf Arab state investing to accelerate its domestic development and, in the case of Shell, underlines its long-term faith in commodity prices.
“I see this as part of a broader strategic alliance between Gulf funds and Western companies and not only a liquidity and financial speculation story,” said Efraim Chalamish, a sovereign wealth fund expert and fellow at New York University. “This is a reflection of a strong interest (by wealth funds) in investing in (their) local markets, in addition to diversification abroad,” he said………………………………………..Full Article: Source


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