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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar seeks to diversify income sources by investing more abroad

Posted on 23 July 2012

Qatar’s growing investments in foreign markets is part of the country’s strategy to diversify its income sources and protect its shield its economy against possible fall below expectations of oil and gas prices, economic experts said.
Hussein al-Abdullah, executive board member of the Qatar Investment Authority, has predicted the country’s investments abroad to reach more than $ 30 billion in 2012. Part of Qatar’s recent major investments abroad include London’s Shard Tower, a 3 percent stake in French oil giant Total, a 5-billion investment in the China’s stock market, the purchase of the building that houses Le Figaro newspaper in Paris, and the purchase of a 6 percent stake in Iberdrola, Spain’s biggest power utility………………………………………..Full Article: Source


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