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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar pledges to invest $4 bln in Spain

Posted on 01 March 2011

From Foxnews.com: Spanish Prime Minister Jose Luis Rodriguez Zapatero left Qatar on Monday with pledges from the emirate’s government to invest 3 billion euros ($4.14 billion) in Spain’s economy, including 300 million euros to shore up the European nation’s battered savings banks. The money will come from Doha’s sovereign wealth fund, the Qatar Investment Authority.
“We have confidence in the Spanish economy,” the Qatari prime minister, Sheikh Hamad bin Jassim bin Jabr al-Thani, told reporters during a joint press conference……………………………………….Full Article: Source


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