24.05.2012 - Qatar stakes in Siemens, Shell reflect drive to step up development
Qatar's purchase of stakes in engineering group Siemens and oil giant Shell follow a pattern of the Gulf Arab state investing to accelerate its domestic development and, in the case of Shell, underlines its long-term faith in commodity prices. "I see this as part of a broader strategic alliance between Gulf funds and Western companies and not only a liquidity and financial speculation story," said Efraim Chalamish, a sovereign wealth fund expert and fellow at New York University. "This is a reflection of a strong interest (by wealth funds) in investing in (their) local markets, in addition to diversification abroad," he said...............................................Full Article: Source
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