Jan 03 2011 |
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Qatar invested $21.66bn around the world in 2010
DOHA: Qatar's sovereign wealth, one of the richest such corpus in the world, made investments worth a whopping $21.66bn in various avenues across the world in 2010, Al Sharq reported yesterday.The daily said the Qatar Investment Authority ( QIA ) has invested sums totaling a staggering $21.66bn during 2010 in different sectors all over the globe.
Of the total, $3.9bn has been invested during last two-and-a-half months, starting from the mid-October to 2010-end, the daily said in what was an annual review of QIA 's investment activities.
To ensure more returns, the QIA prefers to invest over the long term, the daily said.
A financial analyst, Nidal Ahmad Al Khawli said that the QIA is always looking for new markets for investments and some times even dares enter the risky markets as well but it does so quite carefully, doing which is very difficult for other investors.
Citing an example, he said the QIA has chosen to invest in the agricultural sector in Sudan, banking sectors in Europe and car manufacturing companies in Germany and in the British retail markets which were facing recession at the time.
Regarding the investment policy of the QIA , Nidal said that QIA prefers to invest one billion dollars, for example, on five projects rather than staking it on one project alone, diversifying its investments to minimize risk.
© The Peninsula 2011
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