Recession, they might be wondering in Doha. What recession?
The country’s sovereign wealth fund, the Qatar Investment Authority (QIA) has been conspicuously active of late. In the past week alone, its fund subsidiaries Qatar Holdings and Diar have announced major development deals in Yemen and Sudan, plans to open an office in Beijing and the purchase of the US embassy building in London.
With a possible stake in the US$6 billion (Dh22.03bn) purchase of Areva, the world’s largest maker of nuclear reactors, in a bid led by General Electric, QIA is suddenly among the most active sovereign wealth funds (SWF) in the world.
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