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Mon 6 Jul 2009 06:35 AM

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Qatar set to open China office for investments

Qatar Investment Promotion Department eyes Beijing move - report.

The Qatar Investment Promotion Department (IPD) is planning to set up an office in China next year to facilitate mutual investments between the two countries, it has been reported.

State-run newspaper China Daily said the IPD's office will be set up in Beijing, according to comments by Farzam Kamalabadi, president and chairman of Future Trends International (Group) Corporation, a China-specialist US Corporation engaged in investment and trade consulting.

The Chinese office will help Qatar investors, including the Gulf state's sovereign wealth fund, to seek investment opportunities in sectors such as banks, real estate, water treatment, infrastructure and chemical in China, added Kamalabadi in comments published by Qatar News Agency.

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