Do you know that Qatar has purchased several key properties around the world?
Everybody loves to shop, and so does Qatar.
While you and I shop for groceries, services and cars, Qatar shops for major properties around the world. Thanks to their aggressive expansion, it now owns some major properties around the world.
Take, for example, the world-famous Harrods Department Store. It is England’s most upscale department store and Qatar became its new owners in 2010.
Qatari investors have also purchased a number of skyscrapers in London, including the Canary Wharf, HSBC Tower, and The Shard. The country also raised its stake in British Airways owner IAG to 20% and purchased a 20% stake in the London Heathrow Airport last year.
In France, Qatar Sports Investments owns the Paris Saint-Germain Football Club and they are aiming for the stars.
When it comes to the USA, Qatar’s investment arm bought a nearly 10% stake in New York’s Empire State Realty Trust, the owners of the Empire State Building, last year.
The skyscraper was recently lit up with the Qatari flag to commemorate the 10th anniversary of flights on Qatar Airways between the US and Doha. Last year, Qatari media group BeIN purchased Miramax Studios for an undisclosed amount.
Qatar also has stakes in Uber and recently announced plans to open an office in Silicon Valley to invest more into US-based tech firms.
In Singapore, the Qatar Investment Authority purchased one of Asia’s well-known office spaces — the Asia Square Towers — for $2.5bn. It was the largest office transaction in Singapore's history.
So the next time you visit a major city around the globe, there is a chance that Qatar has a stake in some of the key properties there.
Cover image credit: alaraby.co.uk