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  • 04-11-14

    Qatar's QIA to invest in China real estate sector

    (MENAFN) Qatar Investment Authority, the sovereign wealth fund, is interested in investing in China's property, infrastructure and healthcare sectors, Arabian Business reported.

    The fund, which is estimated to have around USD170 billion in funds, also have plans to invest between USD15 billion and USD20 billion in Asia in the next five years.

    Last Month, QIA signed an agreement allowing it to buy a USD616 million stake in Lifestyle International Holdings, which is the operator of the SOGO department stores in Hong Kong and mainland China, through its subsidiary Bellshill Investment Co.

    The Authority, which is known to be one of the world's most aggressive investors, already stakes in Harrods, Barclays, Credit Suisse, Tiffany & Co and Canary Wharf Group.

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