Wednesday 28 March 2012

Qatari developer Diar eyes emerging market investments | Reuters

Qatari Diar, the property arm of Qatar's sovereign wealth fund, is eyeing investments in emerging markets this year, the company's chief executive said on Wednesday.

The property firm, whose worldwide portfolio includes 49 projects valued at over $39 billion, has been on a buying spree in Europe as part of the Gulf Arab state's strategy of employing its natural gas riches to diversify its income flows.

"We are always looking for opportunities around the world....I can say that we are now looking into the emerging markets," said Mohammed Hedfa, the group CEO for Qatari Diar told reporters in the sidelines of a conference in Dubai.

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