Qatar fund eyes global property expansion
By Daniel Thomas in London
Published: May 21 2009 23:38 | Last updated: May 21 2009 23:38
Qatari Diar, the sovereign wealth-backed property company, could as much as double its £3bn ($4.7bn) UK property portfolio – which includes part of the consortium that owns the “Shard” skyscraper development in London – as part of a wider global expansion.
In his first UK interview, Ghanim bin Saad al Saad, the chief executive of Qatari Diar, told the Financial Times: “Our investment in the UK is £3bn and we are willing to increase to £5bn or more.