FINANCIAL NEWS

Qatar eyes $5b investments in Greece

25 Sep 2010

(MENAFN) Qatar and Greece signed a framework for Doha to make investments in the debt-strapped country worth $5 billion over the next few years.

The memorandum was executed in New York by Harris Pamboukis, who is the Greek minister of state in charge of securing and speedily implementing investments, and by Ahmad Al Sayyed an executive of the Qatar Investment Authority.

Greece and Qatar are expected to set up a joint committee to identify possible investment projects in tourism, real-estate development, infrastructure, finance and energy.

However, no specific projects have been identified by the two states at this initial stage.

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