Gulf Times – ‘Qatar spend drive to attract PE, capital’

Private equity (PE) and foreign capital are set to flow into Qatar as the country has lined up huge $65bn expenditure to prepare for the 2022 FIFA World Cup, according to Qatar First Investment Bank (QFIB).

“PE firms in the region have a positive outlook on sectors that will benefit from government spending such as the energy, healthcare and general infrastructure construction,” said QFIB chief executive Emad Mansour. He will highlight the opportunities for PE before a global audience at Super Return Middle East conference beginning today in Dubai.

Qatar’s mega spending drive planned ahead of the 2022 World Cup would undoubtedly attract foreign capital to such sectors, Mansour said. Qatar is expected to spend $65bn on construction, logistics, transport and infrastructure to prepare the country for the mega sporting event, he said.

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