Qatar’s major investments in Europe
“Europe is up for sale, and Qataris love a good sale,” said Manish Singh, head of investments at Crossbridge Capital in London. “Qatar has been buying a huge quantity of European assets in recent years as a hedge against its economy’s over-reliance on oil. This latest move with Dufry is a step further in that direction. For Singapore, it’s just a good business deal, as it’s a growth sector. There will be more deals.”
Qatar has spent at least $16.3 billion acquiring European assets in the past three years, while Singapore has disbursed $12.2 billion, according to data compiled by Bloomberg. More than a third of the deals by Singapore were announced in the last three quarters, indicating a quickening pace of activity. Qatar is diversifying outside of real estate and finance.
A weakening euro is making investment in the region more attractive. The European currency has slid 21 percent against the dollar in the past year.
Read the full text news in resource site…
Source News: wgoqatar.com