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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Qatar sets up $1-bln SWF in Philippines

Posted on 17 December 2008

From Inquirer.net: Qatar will set up a $1 billion sovereign fund to finance infrastructure and other development projects in the Philippines, and will issue 128,000 working visas specifically for Filipino workers, Malacañang said Tuesday.

This was firmed up during President Gloria Macapagal-Arroyo’s four-day official visit to the oil-rich Middle East state, where she met with Qatari Emir Sheikh Hamad Bin Khalifa Al-Thani and Prime Minister Sheikh Hamad bin Jassem bin Jabr Al Thani, said Trade Secretary Peter Favila, who accompanied the President….. Full Article: Source


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