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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment

Qatar’s $2.6 bln Energy City in ‘10 start

Posted on 10 June 2009

From Maktoob.com: Qatar’s Energy City, a $2.6 billion property development aimed at attracting international energy companies, expects tenants to start moving in 2010. The Energy City is part of a new city that is being developed by Qatari Diar, the property wing of the country’s sovereign wealth fund, the Qatar Investment Authority.

Qatar, the world’s biggest exporter of liquefied natural gas, is spending billions of dollars on real estate projects as part of plans to curb reliance on oil and gas income, which contributes 60 percent of gross domestic product and 66 percent of state revenues……..Full Article: Source


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