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Monday, October 17, 2011

Qatar spend drive to attract PE, capital’

‘Qatar spend drive to attract PE, capital’ 

Emad Mansour
Private equity (PE) and foreign capital are set to flow into Qatar as the country has lined up huge $65bn expenditure to prepare for the 2022 FIFA World Cup, according to Qatar First Investment Bank (QFIB).
“PE firms in the region have a positive outlook on sectors that will benefit from government spending such as the energy, healthcare and general infrastructure construction,” said QFIB chief executive Emad Mansour. He will highlight the opportunities for PE before a global audience at Super Return Middle East conference beginning today in Dubai.
Qatar’s mega spending drive planned ahead of the 2022 World Cup would undoubtedly attract foreign capital to such sectors, Mansour said. Qatar is expected to spend $65bn on construction, logistics, transport and infrastructure to prepare the country for the mega sporting event, he said.
Mansour would also be hosting a networking roundtable on Qatar during the conference to highlight the current developments in the country and its future growth. The conference concludes on Wednesday.
The Super Return Middle East 2011 is a leading regional conference addressing issues of concern in the PE arena. In its fifth year, the conference would highlight the developments, growth opportunities and challenges facing the PE industry in the Middle East and North Africa region.

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