Tuesday, 28th October 2014
The second largest sovereign investment giant in the Gulf region said it is scouting Sri Lanka for implementation ready projects and is vying for Sri Lanka’s surging Stock Market.
“In Sri Lanka, we do not want to start any new development or construction projects but are looking for outright purchase of completed and implementation ready assets as our entry strategy. We are also looking to invest in Colombo’s Share Market” Industrials and TMT Investments Head of Qatar Holding Mohammad Saif Al Suwaidi said yesterday.
Al Suwaidi, is in Colombo with a three member investment team.
Qatar Holding LLC is the investment arm of the Qatar Investment Authority (QIA) which is well-known and also called as the Qatar Fund. QIA is the second largest sovereign wealth fund in the Gulf Cooperation Council region after Saudi Arabian General Investment Authority (SAGIA). QIA’s QH was established in 2006. QH invests internationally and locally in strategic private and public equity as well as in other direct investments, and is considered to have a high profile global outreach.
Among QH’s diverse international holdings are the UK retailer Sainsbury, Deutsche Bank, Credit Suisse, Bank of America and Agricultural Bank of China. Its Credit Suisse stake is reportedly 6%.
Qatar is the world’s richest country.
The wide availability of oil and gas reserves have made Qatar the world’s highest per-capita income country.
From : http://www.dailynews.lk/?q=business/qatar-fund-arrives-us-100-mn
