Browse related articles

Qatari firms investing and building in Africa (page 2 of 2)

Qatar: Wednesday, October 17 - 2007 at 16:52

Qatari Diar has now followed a similar path into neighbouring Eritrea, another nation that causes concern to the likes of the US administration. The company unveiled plans to build a number of 'tourism projects' on Dahlak Island back in January of this year and the firm's CEO Nasser Hassan Al Ansari said at the time the deal demonstrated its commitment to Africa.

Huge opportunities

Qatar is not the only Gulf state looking to tap into Africa's tremendous potential. Firms from across the Middle East have long-standing business links, and investments, in a host of North African countries like Egypt of course, but many companies are now looking elsewhere on the vast continent.

Kuwait's telecommunications outfit Zain offers a service in Sudan and through its Celtel subsidiary has a presence in 14 more African countries, while UAE based rival Etisalat is operating in seven nations via its Atlantique Telecom subsidiary.

But this is merely the tip of the iceberg as countries from Djibouti to Guinea are starting to feel the impact of serious Arab investment. With the almost fearless approach some Gulf based countries have adopted regarding the break-neck speed of their own development, it is hardly surprising that they have the nerve and self-belief to go where others fear to tread.

See also:
Qatari Diar goes shopping in Chelsea
Barwa building up a sizeable portfolio

Qatari Diar has ventured into some seemingly unstable parts of Africa

« Previous page

Article Options

Jonathan Sheikh-Miller, Deputy Editor
Wednesday, October 17 - 2007 at 16:52 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.