19 Feb 2013
(MENAFN) Qatar Holding, the investment arm of Qatar Investment Authority, unveiled plans for a new investment vehicle worth USD12 billion to purchase assets globally, Reuters reported.
Qatar Holding vice-chairman, Hussain al-Abdullah, who is also a board member of Qatar Investment Authority (QIA), said the company would be listed on the Doha stock exchange in six to eight weeks.
He added that the new investment firm will buy all kinds of assets including shares, bonds, real estate, and private equity around the world.
QIA has been in a buyout spree in the last few years, and has picked up stakes in high-profile Western assets such as miner Xstrata, automakers Volkswagen and Porsche, and luxury retailer Harrods.
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