Tuesday 1 January 2013

Qatar’s foreign investment hits QR163.8bn in 2012

Qatar’s foreign investment hits QR163.8bn in 2012:
Qatar’s sovereign wealth fund (SWF) investment in abroad has reached QR163.8bn in 2012. The country’s  2012 foreign investment is $32bn higher than the  previous year, Al Sharq reported.
Apart from the Arab region, Qatar made major investments in Singapore, France,  UK, Italy, Switzerland, the US, Vietnam, Iraq, Netherlands, Turkey, Bulgaria, Germany, China and Malaysia in 2012. Qatar  invested in a wide range of sectors in 2012, including  in hotels, resorts, petrochemicals, power plants, oil companies, banks and financial institutions, fashion, mining, media and communications, roads, transportation and sports in these countries.
“Compared to the previous year, Qatar’s foreign investment this time was really fast-paced  and  it grabbed the potential opportunities in real time. All their key investments were made after well-calibrated assessments”, Al Sharq quoted local business analysts as saying.

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