Wealthy Qatar eyes new investment in Germany

Sovereign wealth fund already owns stakes in Hochtief, carmaker Volkswagen
Wealthy Qatar eyes new investment in Germany
Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani. The Gulf emirate has an extensive portfolio of foreign assets
By Reuters
Tue 27 Sep 2011 06:07 PM

Qatar, part-owner of Germany's Volkswagen and Hochtief, is
looking for more investment opportunities in the country, the head of the Gulf
state's sovereign wealth fund said.

"We are looking forward to strengthening our position
here in Germany," the chief executive of Qatar's sovereign wealth fund,
Ahmad Mohamed Al-Sayed, told a gathering of German industry executives in
Berlin on Tuesday.

Germany offers a highly skilled workforce and outstanding
products, and Qatar - which also owns a stake in Porsche Automobil Holding SE -
was looking for more investment opportunities and partners, he said.

German magazine Der Spiegel reported this month that members
of Qatar's government met with German Economy Minister Philipp Roesler to
discuss buying a 7.5 percent stake in European aerospace and defence company
EADS from Daimler.

Daimler, however, said it had not been in touch with the
Gulf state over selling its stake.

EADS has several sites in Germany, such as its Airbus
aircraft assembly plant in Hamburg.

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