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FINANCIAL NEWS
Qatar’s QIA sees good investment opportunity in Germany’s property market
16 Apr 2013
(MENAFN) Qatar Investment Authority’s (QIA) executive board member, Hussain Al Abdulla, said that the country’s aggressive sovereign wealth fund, the most active in the Middle East, is centering its investment plan on Germany, reported Arabian Business.
Al Abdulla stated that the fund, which is believed to be worth nearly USD200 billion, has acquired stakes in enterprises like sports car maker Porsche and Barclays.
Property prices in Germany were less than those seen in 1993 during the bubble after reunification, thus, making it a good opportunity to invest.
Al Abdulla added that after the financial crisis, QIA has been concentrating on commodities and is also considering real estate.
It is worth mentioning that the fund has invested billions of dollars in high-end property in Europe, particularly London, where it owns assets, including the Shard skyscraper.
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