Qatar to invest $5 bln in Spain's EU-funded recovery, Emir says | Reuters
Qatar's $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state's ruler said late on Tuesday in a dinner held in his honour in Madrid.
The amount shows how confident Qatar is in the Spanish economy's strength, Emir Sheikh Tamim bin Hamad Al-Thani said in a speech during a dinner held in King Felipe's Palace in Madrid, a government source told Reuters on Tuesday.
Qatar's ruler, who is visiting Spain this week, is expected to sign a bilateral agreement with Spain to invest in the projects funded by the European Union COVID recovery funds, the first such agreements between a member state and a non-EU country. read more
The investments, mainly in sustainability and digitalisation projects, are due to be implemented within two to three years, according to that person, government sources told Reuters.
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