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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatari Diar and Binladin join up for worldwide projects

Posted on 03 March 2010

From Thenational.ae: Qatari Diar, the property developer owned by the Qatar Investment Authority, is to forge a joint venture with Saudi Binladin Group, one of the Gulf’s largest construction conglomerates, as it embarks on billions of dollars worth of projects around the world.

The move comes one month after Qatari Diar became the largest shareholder in Vinci Construction Grands Projets of France when it exchanged Cegelec, a technical solutions firm, for 31.5 million shares……………………………………….Full Article: Source


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