Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

Funding Crisis Scuppers Syria-Qatar Joint Venture

Syrian-Qatari Holding (SQH) has pulled the plug on its operations this month as a result of the non-payment of capital. The joint venture, which is 50:50 owned by the two countries governments, had been working on high profile development projects in Syria worth some $2bn. It had been urging the Syrian government to provide the capital it had been allocated since early 2010, but after...