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Article: QATAR - Qatar-Dubai Investment Deal.

Article from:
APS Review Downstream Trends
Article date:
September 17, 2007
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A $1 bn joint investment company was announced in June 2007 during a visit to Dubai by PM Hamad bin Jassem at the head of a large delegation. The deal was signed between the CEO Hussein al-Abdullah of Qatar Investment Authority (QIA), which has a large stake in J Sainsbury, and CEO of Duhai Holding Muhammad al-Gergawi. Dubai Holding, grouping companies controlled by Dubai ruler Shaikh Muhammad bin Rashid al-Maktoum, oversees Dubai International Capital, the private equity company with a stake in HSBC, and Dubai Group, the financial conglomerate which owns New York City's Essex House hotel and is an investor in Greece's Marfin Financial.

The joint firm would seek ...

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