Government

Qatar to invest $5 billion in Spain’s EU-funded recovery, Emir says

Published by
Reuters UK

MADRID (Reuters) – Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s ruler said late on Tuesday in a dinner held in his honour in Madrid. The amount shows how confident Qatar is in the Spanish economy’s strength, Emir Sheikh Tamim bin Hamad Al-Thani said in a speech during a dinner held in King Felipe’s Palace in Madrid, a government source told Reuters on Tuesday. Qatar’s ruler, who is visiting Spain this week, is expected to sign a bilateral agreement with Spain to invest in the projects funded by the European Union COVID recovery fun…

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