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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar fund plans $1.36bln Italian hotel project

Posted on 04 February 2013

Qatar Holding, the investment arm of the country’s sovereign wealth fund, plans to build four luxury hotels - including a 150-room Harrods Hotel - on Sardinia, the second largest island in the Mediterranean Sea and an autonomous region of Italy. The massive one-billion-euro development project coming up on Sardinia’s Costa Smeralds is likely to be completed over the next 10 years, said Italian media reports citing Arzachena Mayor Alberto Ragnedda.
The plan also includes a 200-room family hotel for the luxury market, and two others, one in Pevero with 90 rooms and one in Razza di Juncu with 75 rooms, targeting young people, the report stated…………………………………….Full Article: Source


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