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Sovereign Wealth Funds Briefing - Categorized | Investment

Barker-Homek: Taqa targets investments worth $60bn by 2012

Posted on 09 August 2008

From Gulf-Times.com: Abu Dhabi National Energy Co (Taqa) plans investments worth $60bn by 2012, a top company executive has said.
‘We aim to attract $60bn of investments by 2012, which means growth of 25% each year,’ Taqa’s chief executive officer, Peter Barker-Homek told a conference call.”

In a post on Thursday, Brad Setser suggested that Taqa may now perhaps be considered a sovereign wealth fund. And he quotes Wayne Arnold as writing in The National in July that, “There are at least eight Government-owned or Government-controlled institutions now investing sovereign funds on behalf of Abu Dhabi… Full article: Source


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