20.08.2012 - Qatar spends $4.3 bln U.S. buying up European properties
Qatar has spent $4.3 billion U.S. buying up European properties during the last twelve months. This is equivalent to about six weeks of income from Qatari LNG(liquefied natural gas) exports. Qatar's sovereign wealth fund invested the $4.3 billion U.S. on eight different deals. Purchases include the London Olympic athlete's village and a mall on the Champs Elysees in Paris. A sovereign wealth fund is described as follows:..............................................Full Article: Source
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