Friday, 24 September 2010

Qatar, Greece Signs $5 Billion Memorandum of Understanding on Investment - Bloomberg

Qatar signed a memorandum with Greece expressing interest in investing as much as $5 billion in areas of the Greek economy such as tourism and real estate.

Greece and Qatar will look at cooperating on promoting investment projects and opportunities between the Qatar Investment Authority and its affiliates and the Hellenic Republic, according to a copy of the memorandum e-mailed today by Greek Prime Minister George Papandreou’s office.

The countries will focus on investments in real estate, tourism, transport, port or airport facilities, banking and finance, joint ventures, energy and other industries, when and as agreed by the two states, according to the memorandum.

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