Qatar says focusing in on German investments

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images - for illustrative purposes only)

(Getty Images - for illustrative purposes only)

Qatar's aggressive sovereign wealth fund is focusing its investment strategy in Germany on companies selling in emerging markets as well as real estate, an executive board member of the Qatar Investment Authority has said.

The QIA, the most active Middle East sovereign wealth fund in recent years, is estimated to be worth around $200bn and has bought stakes in companies ranging from German sports car maker Porsche to Barclays.

"Our strategy here in Germany is the need to focus on companies that not only sell in Europe but sell also to emerging markets," Hussain Al Abdulla told a Qatari business and investment conference held in a hotel recently acquired by the gas-rich emirate. "Also in Germany, we are focussing on real estate."

The world's top exporter of liquefied natural gas has a lot of spare cash to invest. Recent figures showed a budget surplus of $26bn in the second quarter of fiscal year 2012-13, or 54 percent of GDP for the period.

Abdulla said real estate prices in Europe's powerhouse economy were well below prices in 1993 during the bubble after reunification, making it a good opportunity to invest.

The QIA fund started focusing on commodities after the financial crisis and looks at real estate like it does commodities, Abdulla said. The QIA has invested billions of dollars in high-end property in Europe, especially London, where it owns assets including the Shard skyscraper.

Abdulla said it believed commodity prices would always rise in the long run because the world population was on the rise, fueling demand for natural resources.

He added that the economic atmosphere in crisis-stricken Europe was difficult for foreign investors at the moment, but Qatar would do its best to invest in the region.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Women edge into Gulf boardrooms as economies, societies shift

Women edge into Gulf boardrooms as economies, societies shift

Amina al-Rustamani, CEO of TECOM Investments, is leading the...

Dubai mulls rule change to lure more domiciled funds

Dubai mulls rule change to lure more domiciled funds

Proposed rules would create a new class of funds in the Dubai...

Gulf's rift over Qatar may slow investment, reforms

Gulf's rift over Qatar may slow investment, reforms

Analysts suggest dispute may not hurt immediately but could impact...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams