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Sovereign Wealth Funds Briefing - Categorized | Financials

Qatar to fund Dh2bln Arab cultural centre in Washington

Posted on 21 October 2013

The Qatar Foundation plans to open a centre dedicated to teaching Arab culture and the Arabic language to American pupils as part of a massive development project in Washington that Doha is helping finance.
The first phase of CityCenterDC, one of the largest construction projects in the United States, is being financed by US$622 million (Dh2.28bn) from the Qatari Diar Real Estate Investment Co, which is part of the country’s sovereign wealth fund, the Qatar Investment Authority………………………………………..Full Article: Source


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