Middle East Economic Survey
Qatar Holding Buys Harrods For $2.2Bn
Qatar Holding reached agreement with Muhammad al-Fayed on 8 May to buy London department store Harrods for a reported 1.5bn ($2.2bn). The acquisition is considered as part of Qatar Holdings strategy to acquire prestigious top-performing businesses at the right point in the cycle. Qatar Holding was established as a strategic and direct investment arm of Qatar Investment Authority (QIA), the emirates...