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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Work halted on Qatari Diar’s Cairo project amid Egypt turmoil

Posted on 07 February 2011

From Arabianbusiness.com: Qatari Diar, the property arm of the Qatar’s sovereign wealth fund, has halted work on a project in Cairo and evacuated its staff as protests in the Egyptian capital continue into a second week.
The Nile Corniche Project, a mixed-use luxury development on the banks of the river, has been shut down for safety reasons due to its proximity to anti-government riots, said Drake & Scull International, the Dubai firm contracted to the development……………………………………….Full Article: Source


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