Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

QATAR

Qatar Signs $5Bn Investment MOU With Greece

Qatar and Greece have signed a non-binding memorandum of understanding (MOU) for the investment of up to $5bn in a number of sectors of the debt-ridden Greek economy, including infrastructure and tourism. With Greece experiencing its worst recession in decades, attracting foreign investment is key to reducing government spending to slash its budget deficit, under an EU/IMF bailout...