Qatar to invest up to $1.3bn in Greek SMEs

Oil and gas-rich state says it has discussed opportunities in tourism, energy, transport
Qatar to invest up to $1.3bn in Greek SMEs
Sheikh Hamad bin Jassim bin Jaber bin Muhammad Al Thani, Prime Minister and Foreign Minister of Qatar (Getty Images).
By Claire Valdini
Wed 30 Jan 2013 02:13 PM

Qatar plans to invest up to €1bn (US$1.34bn) in small and medium-sized Greek companies, the Gulf state’s prime minister said.

The oil and gas-rich state signed an agreement Tuesday to invest in the country with Sheikh Hamad bin Jassim al-Thani confirming that Qatar is “ready” to put up the investment required, Bloomberg reported.

Sheikh Hamad said the Gulf state had discussed investment opportunities in tourism, energy, transport and communication sectors.

Qatar has extended its support to European countries in the wake of the European debt crisis. In November, Qatar Holding, agreed to invest up to €2bn in Italian companies over the next four years.

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