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SWF wants to support Qatar Airways

The Qatar Investment Authority is one of the largest sovereign wealth funds in the world. He wants to invest more in the future in Germany. As one of the goals he has made Qatar Airways.

04.12.17. – 7:24 | Stefan Eiselin 1 Comments

aero telegraph
Airbus A380 approaching London Heathrow: The airline has had better times.

The total blockade of Egypt, Bahrain, Saudi Arabia and the United Arab Emirates continues Qatar Airways . Alone the loss of flights to neighboring countries is painful for the golf airline. There are also more expensive detours for many long-haul flights. In this tricky situation, she could now get fresh money from the state.

Abdullah bin Mohamed bin Saud al-Thani said in a speech in Qatar last week that they wanted to support domestic companies. He is head of the Qatar Investment Authority, with assets of approximately $ 300 billion, one of the largest sovereign wealth funds in the world. In addition to the hotel investment company Katara Hospitality (including They Savoy in London, The Peninsula Paris, Bürgenstock Resort in Switzerland, Intercontinental in Frankfurt), he also explicitly named Qatar Airways, as the newspaper Gulf Times writes.

Economy is growing, but weaker
It will support the domestic investment financially, but also organizationally and provide them with human capital, so am Saud al-Thani. The move is part of a wider geographic diversification of assets. The International Monetary Fund (IMF) expects Qatar’s economy to grow by only 2.5 percent this year. In the coming years, growth is expected to fluctuate between 2.7 and 3.1 percent. That’s a lot, but not quite as much as in the years before or in the years before 2012.
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