23.04.2012 - Qatar Investment Authority has $30bln to spend this year in asset hunt
Underlining the deep pockets and vast wealth of the tiny Arab Gulf state, a senior executive at the Qatar Investment Authority said the sovereign wealth fund has over $30 billion to spend on assets across the world this year, even though the global economy remains in a fragile state. Qatar, one of the world's richest countries, is using its huge wealth from oil and gas exports to buy trophy assets all over the globe that include London luxury store Harrods and the former U.S. embassy building in the U.K. capital...............................................Full Article: Source
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