Million-dollar investments of the kingdom of Qatar 5
In 2010, when Qatar won the right to host the 2022 World Cup, many international organizations felt extremely surprised.
Qatar’s economy relies largely on the world’s third largest and largest liquefied petroleum gas reserves, according to the New York Review of Books.
Qatar National Wealth Fund (QIA) currently owns 85 billion USD, equivalent to the 12th largest economy in the world.
Below is a list of million-dollar assets of this famous and wealthy country.
1. Al Jazeera media empire
In 1996, Qatar’s Emir Khalifa al Thani contributed $140 million to establish the Al Jazeera media empire.
2. Barclays Bank
In 2009, Qatar Holding – a branch of QIA – sold 35 million shares of Barclays, reducing its holding from more than 6% to 5.8%.
3. Credit Suisse Bank
QIA currently owns 6.17% shares in Credit Suisse.
4. Harrods shopping center chain in London
In 2010, Qatar Holding, on behalf of QIA Chairman – Qatar Prime Minister Hamad bin Jassim bin Jaber Al Thani, acquired this chain of high-end shopping centers for 2.35 billion USD.
5. Luxury hotel chains in Europe
Qatar’s hotel branch – Katara Hospitality is preparing to buy many luxury hotels in France, including Martinez in Cannes and Concorde Lafayette in Paris.
6. Olympic Park in London
In recent years, the total investment value that this country has poured into real estate and financial institutions in the UK has reached 16 billion USD.
7. Tallest building in Europe – Shard
QIA is the investor of this 95-storey building designed by architect Renzo Piano.
8. Office of Shell Petroleum Corporation
In 2011, Qatar Diar purchased the Shell Center office center from Shell Petroleum Corporation for $446 million.
9. Fashion brand Valentino
This royal family’s property fund is said to be completing the acquisition of the Valentino brand from Valentino Fashion Group (VFG) for $854 million.
10. Shares in Louis Vuitton, Moët and Hennessy and Porsche
Qatar is still regularly pouring money into European luxury brands.
Ha Thu (according to Business Insider)
