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17-06-14

Middle Eastern investors to invest USD180b in Europe

(MENAFN) Middle Eastern investors plan to expand their business to reach European and other global real estate markets in the coming ten years, according to Arab News. The investors have allocated as much as USD180 billion for their investments, of which 80 percent, or about USD145 billion, will be spent Europe. About USD58 billion will be invested in the UK, with USD60 billion at continental Europe, including mainly France, Germany, Italy and Spain. The plans came after the extraordinary mismatch between the lack of institutional real estate in domestic markets and the huge spending power concentrated in the region.