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IAS invests $1.6bn in African state

  • Qatar: Monday, March 17 - 2008 at 08:28

Qatari investment company IAS International will spend $1.6bn on development projects in the Central African Republic, according to a Bloomberg report. Projects will include the Cite Lumiere, a tax-free cluster of homes, offices and a hotel. Previously it has invested in gold and diamond mining, oil and gas exploration and water plants in the country.

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