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FINANCIAL NEWS
Qatari investments hindered due to weak oil prices
26 Feb 2015
(MENAFN) Qatar’s Investment House’s proposal for a USD206 million fund for an agricultural firm was postponed by regulators, while investments are slowing due to weak oil prices, Arab News reported.
Investment House, owned by 87 percent by Qatar Investment and Projects Development Holding Co. (QIPCO), proposed a preliminary public offer for a planned company that would produce chickens.
The initial USD206 million fund was set to provide half the money needed for the project, with the other half to be provided by other investors.
According to the CEO of Investment House, generally speaking, many investment projects in Qatar have slowed since oil prices began to plunge in 2014.
“The lower oil price is affecting Qatar – we are seeing a slowdown in the rate of investment here in the construction, banking and energy sectors,” the CEO said.
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