Qatar’s SWF Plans to Invest in Asset Managers for Strategic Development
21. Dec, 2011
Domestic strategic development is a major goal for countries. Qatar and other oil-based economies are trying to diversify from their lucrative natural resource sector. In fact, sometimes countries can utilize a sovereign wealth fund to stimulate demand in specified sectors within a country. We have witnessed the creation of science parks and educational cities spread throughout the gulf region. The Qatar Investment Authority (QIA) is rumored to be planning to spend around US$ 2 billion into asset management firms to lure them into Doha. This strategy has somewhat worked for other gulf cities.
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