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Friday, January 09th, 2009

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Posts Tagged ‘ ADR:E ’

Qatar Sovereign Wealth Fund to Invest $8bn in Libya

Jul 1st, 2008 | By Jason Simpkins | Category: Featured, Financial News

The State of Qatar will invest about $8 billion in Libyan companies across various sectors, officials told the Financial Times.

The investment is one of many made by large, national sovereign wealth funds, or global cash barons, and will help Libya diversify its economy away from a reliance on hydro carbons.

According to the FT, Barwa Real Estate Co., an affiliate of the Qatar Investment Authority’s $40 billion property wing, agreed to invest $2 billion in state-owned Libyan Development and Investment Co to develop commercial, residential and leisure facilities.

Tags: ADR:E, BCS, Gazprom OAO, Jason Simpkins, RDS.A, RDS.B, sovereign wealth funds, Stroytransgaz OAO, XOM
Posted in Featured, Financial News | 3378Comments2008-07-01+15%3A11%3A24Jason+Simpkins

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