FINANCIAL NEWS

Qatari Diar plans investments in emerging markets

28 Mar 2012

(MENAFN) Diar, the property arm of Qatar Investment Authority (QIA), said it plans to extend its business in emerging markets this year.

Diar has been in a buyout drive in Europe as part of the Gulf Arab state’s strategy of employing its natural gas revenues riches to diversify income resources.

The property firm recently bought the athletes’ village in London’s Olympic park for USD906 million along with UK developer Delancey Estates.

Diar has other investments including London’s Chelsea Barracks redevelopment, the building of the Shard skyscraper, the Harrods department store and the US embassy site in Grosvenor Square.

Diar also has investments in the US including a USD700 million development in Washington DC which was inked in April 2011. The company is looking for other investments in the US, according to CEO Mohammed Hedfa.

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