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Tuesday, 28 March 2017

Qatar Wealth Fund Expansion Plan Is Undeterred by Brexit, Trump - Bloomberg

Qatar Wealth Fund Expansion Plan Is Undeterred by Brexit, Trump - Bloomberg:

"Qatar’s sovereign wealth fund plans to expand in the U.K. and the U.S., as top officials said long-term commercial opportunities would outweigh political uncertainty roiling the two countries. The gas-rich Gulf emirate will add 5 billion pounds ($6.3 billion) to its U.K. portfolio in the next three to five years, and will set up an office soon in San Francisco -- its second in the U.S. after New York. The focus will be on infrastructure, technology, healthcare and real estate, they said. The plans were announced on Monday in London, two days before U.K. Prime Minister Theresa May is set to begin the two-year clock on negotiations to leave the European Union. The investments could help signal that the U.K. remains an attractive destination for foreign capital even after it leaves the EU."



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