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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar to invest USD 17 bln in industrial firms in 3 years

Posted on 20 February 2013

Qatar plans to invest 50 billion Qatari riyals (USD 17 billion) in industrial companies in the next three years, Qatar Investment Authority Board Member Hussein Al-Abdullah said here Tuesday.
Meanwhile, he remarked Qatar Holding, owned by Qatar Investment Authority, posted a 17.4 percent rise in net profits in 2012. The company has doubled the profits of its department store Harrods to 108 pounds in 2012 from 54 million pounds before it bought the famous London department store…………………………………..Full Article: Source


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