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Qatar bank invests $2.9bn in UK property
- Qatar: Tuesday, December 11 - 2007 at 07:42
QInvest, a Qatari Islamic investment bank, said on 10 December that it would take part in developing a $2.9bn real estate project in London, reported Reuters. Currently the bank is working with a British company and four Qatari partners. Without identifying the partners or giving further details about the project, QInvest is also considering investing in the US, said CEO Abdullatif Almeer. Qatar Islamic Bank, which owns 15 per cent of QInvest, is seeking an operating licence in Britain.
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Amena Bakr, Senior ReporterTuesday, December 11 - 2007 at 07:42 UAE local time (GMT+4)
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