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Qatar chases untapped real estate markets (page 2 of 2)
- Qatar: Tuesday, May 06 - 2008 at 11:29
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Once the walls finally come down, analysts expect a mad scramble by outside, specifically US, investment vehicles to take advantage of the cheap Caribbean real estate opportunities and cultural tourist attractions - and Qatar may have, very cleverly, found itself leading the charge.
"We have several projects in development - including the one in Cuba - in which the benefit could be described primarily as diplomatic," notes Al-Saad. "Qatari Diar is putting its mark of quality and friendship all over the world."
The possible strategy being that the goodwill generated by these investments in markets shunned by other financial groups will leave Qatari Diar in a prime position when further opportunities become available.
By investing in developments in untapped markets with little or no infrastructural support and untried commercial propositions, Qatar has so far only seen capital go one way, with little remittance in terms of real financial returns.
It may seem to be a gamble, but it is one that will be closely observed by groups like Qatari Diar's financial and geographical peers. If it pays off the rewards are likely to be enormous.
See also:
Qatar invests $70m in Cuba
Qatar economic boom faces constraints
Qatari Diar's luxury development in Morocco also encompasses two-star properties
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Edward Poultney, Editor - EnglishTuesday, May 06 - 2008 at 11:29 UAE local time (GMT+4)
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This article was updated on Sun Aug 10 2008.
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