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Sunday March 26th 2017

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Qatar’s money buys self-preservation

The ShardA deliberate strategy to secure its own long-term security is the motivation driving the tiny Gulf state of Qatar to invest heavily in the UK. Last week, it emerged that the ruling family had bought a further chunk of prime London property, a Victorian town house in Mayfair for £40m. This follows the investment of some of its extraordinary wealth from natural resources into British propositions, including Harrods, the Shard, Sainsbury’s, Barclays and the Stock Exchange. Qatar is set to gain control over Canary Wharf, while private Qatari investors also seem enamoured with the UK, taking majority stakes in Claridge’s, the Connaught and the Berkeley.
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