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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

RMZ to float second JV with Qatar Investment Authority

Posted on 07 September 2016

Bengaluru-based commercial real estate developer RMZ Corp is in the process of forming a second joint venture with Qatar Investment Authority (QIA), sovereign wealth fund of Qatar, to buy development assets across top cities in the country.
The new commercial platform will see QIA more than double its investment made through RMZ. In 2013, it had invested $300 million, or Rs 1,800 crore. “QIA has committed to give money, and it will be based on project requirements,” a person familiar with RMZ plans said. “The earlier platform with QIA invested in investment assets while the new one will deploy money in developmental assets.” ……………………………………….Full Article: Source


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