Government

Qatar to invest $5bn in EU-funded Spain Covid recovery: Emir

Published by
Al-Araby

Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s monarch said late on Tuesday at 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 monarch is expected to sign a bilateral agreement with Spain to invest in projects funded by the European Union Covid-19 recovery funds, the first such agreements between a member sta…

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