Real estate related news and press releases covering MENA region.
Qatari Diar eyes emerging market investments for property development
Mar 29, 2012
The property arm of Qatar's sovereign wealth fund, Qatari Diar is eyeing investments in emerging markets this year, Reuters has reported. "We are always looking for opportunities around the world... I can say that we are now looking into the emerging markets," said Mohammed Hedfa, the group CEO for Qatari Diar. The company pushed aggressively into Europe last year, most recently buying the athletes' village in London's Olympic park for $906m along with UK developer Delancey Estates. Other investments include funding the redevelopment of London's Chelsea Barracks and the building of the Shard skyscraper. In the UK, it also invested in the Harrods department store and the US embassy site in Grosvenor Square.