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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Mideast money flows into emerging Europe

Posted on 13 July 2009

From Businessneweurope.eu: A few days earlier, the Oman State General Reserve Fund, one of the key investment institutions of the government of the Sultan of Oman, paid $129m for a 30% stake in Bulgaria’s Corporate Commercial Bank.

Gulf money is also starting to increasingly find its way into Central Europe. On July 1, Polish Prime Minister Donald Tusk announced he wanted his country to become a hub in the EU for Middle Eastern investors, not a traditional source of direct investment in Poland, after his government revealed it had sold the struggling Szczecin and Gdynia shipyards to the Qatari investment bank QInvest and sealed a 20-year liquefied natural gas deal with QatarGas………Full Article: Source


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