Gulf art investments – is it really such a good idea? - Your Middle East:
"As more music festivals, theatrical performances and museum openings take place in the Middle East, their immediate economic footprints are distinctly outlined for all to see. Yet, an in-depth economic impact analysis will reveal that these benefits may be overvalued.
Ever since their stomping rise onto the international arena, media outlets have touted Qataris as profligate spenders of their seemingly boundless natural resource wealth. From popular retail outlets to professional sports teams and other highly lucrative sectors, the Qatar Investment Authority seems to have its crosshairs locked on a myriad of potential ventures, all of which are currently worth over $115 billion.
On the mounted whiteboards inside the QIA’s headquarters in Doha – where investment ideas begin their incipiency and gradually evolve into another subsection of the Fund’s portfolio – one particular item seems to stand out: artworks."
'via Blog this'
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