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Qatar looking to invest more in Germany

AFP · 23 Mar 2010, 11:27

Published: 23 Mar 2010 11:27 GMT+01:00

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"In Europe, and particularly in Germany, there is a whole series of interesting companies that we are going to look at," deputy prime minister Abdallah ibn Hamad al-Attiyah said in comments published on Tuesday.

Germany "now seems to be open again to investment," he added in reference to efforts two years ago to limit the access of sovereign wealth funds from Gulf countries, China and Russia to German companies.

Al-Attiyah noted that little came of those efforts however and said "it is just as well. That will help the German economy."

The Qatar Investment Authority (QIA), which manages investments for the gas-rich nation, invested $30 billion (€22 billion) in 2009 and plans to reach a comparable level this year, Prime Minister Hamad ibn Jassem al-Thani said on Monday.

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In addition to a 17-percent stake in Volkswagen, QIA holds almost seven percent of the shares in Barclays bank, 25 percent of the supermarket chain J Sainsbury and 14.7 percent of Canary Wharf, the business district in London. Al-Thani said recently it was also in talks to invest in the French nuclear group Areva.

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Your comments about this article

13:59 March 23, 2010 by dbert4
I wonder why they don't invest in GM, Chrysler, Ford? I guess that we should ask "Peschvogel", maybe all of the nations who actuallu have a current account surplus and money (actual cash) to invest haven't heards his BS about the coming German collapse?
02:45 March 24, 2010 by peschvogel
They invest in Germany because Germany will be a Muslim state in 10 years. Allah Ahkbar...Get used to it kid...
08:36 March 25, 2010 by mixxim
Beware of trojans bearing gifts? You might lose control of your worthwhile assets. We (English) never learned the lesson, BMW bought Rover and what happened?
18:18 March 27, 2010 by Prufrock2010
Why does every other building in that photo look liked a dildo? Is there a subliminal message that we're about to get screwed?
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