Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar to make huge investments in Italy  Join our daily free Newsletter

MENAFN - The Peninsula - 04/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar is planning to make huge investments in various sectors of cash-strapped Italian economy, including energy, healthcare and tourism. This was announced by the visiting Prime Minister of Italy, Enrico Letta, at a joint press conference with H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, here yesterday.



The current investment plans include building of a Museum of Islamic Art in Venice and a hospital in Olbia, in northeastern Sardinia (Italy). However, the size of investments was not disclosed



"We held a very successful meeting with the Emir, H H Sheikh Tamim bin Hamad Al Thani this morning", said the Italian premier. "We discussed host of important issues of mutual interests, including industrial investments in Italy and the current political scenarios in Iran, Syria, Libya and Egypt.



The Prime Minister confirmed the discussion with Qatar about the possibility of investing in state-backed oil firm Eni SpA (ENI), as the Eurozone's third largest economy is striving to cut severing debt by selling state assets.



Dr Al Sada also said that the meeting was "very successful", and Qatar is looking forward to inject capital to the Rome-based energy company, in which Italy owns the biggest stake.



He termed the meeting as "very important milestone" in the bilateral economic relations between the two "friendly" countries.



"The doors for mutual cooperation are widely open. Qatari side has shown great interests for investing in various sectors of the Italian economy", said Al Sada.



He also said Qatar is open to tie-ups with energy and construction companies, and a team from the Qatar Investment Authority (QIA) will visit to Italy to discuss investment opportunities with relevant partners.



The Energy Minister called the bilateral relations as "excellent, historic and of great importance" based on solid foundations of mutual benefits.



He said that Qatar has consolidated its relationships with Italy through continued LNG supply, under the 25-year long term contract, and it is further open to supply more gas as and when needed in future.



Al Sada also highlighted the various areas of cooperation that Qatar is looking for, including the aviation sector. "With the successful operation of Qatar Airways to the European nation, Qatar is now looking forward to get more access for cargo operations to Italy.



Letta added that there are great investment opportunities for Italian companies in Qatar, which are well positioned to play a significant role in hosting the 2022 Fifa World Cup.



"I am very happy with the discussions that we had in the meeting with His Highness about the possible cooperation to host the football championship in 2022. Italian companies can play important role in establishing logistics and infrastructure facilities.


 






  MENA News Headlines
 Jul 30 2014 - Safe haven status boosts investment scope in UAEspanKhaleej Times
(MENAFN - Khaleej Times) E political situation in the region has made Dubai into a magnet for families from across the region to set up home and establish regional or global offices for their ...

 Jul 30 2014 - Tech Mahindra eyes expansion in Saudi ArabiaspanKhaleej Times
(MENAFN - Khaleej Times) Ch Mahindra a specialist provider of connected solutions has announced that it has signed a joint venture agreement with Midad Holding which is a subsidiary of Al Fozan a ...

 Jul 30 2014 - Middle East earns 1 of global market research revenuesspanKhaleej Times
(MENAFN - Khaleej Times) E entire Middle East region earned only a meager one per cent of the global market research revenues which indicates the potential for market research that is prevalent in ...

 Jul 30 2014 - Dewa to show smart initiatives at Gitex 2014spanKhaleej Times
(MENAFN - Khaleej Times) Bai Electricity and Water Authority or Dewa has announced its participation in Gitex 2014 to be held from October 12-16 at the Dubai World Trade Centre.Dewa will showcase its ...

 Jul 30 2014 - Sico first-half net profit jumps 166spanKhaleej Times
(MENAFN - Khaleej Times) Curities & Investment Company or SICO licensed by the Central Bank of Bahrain as a conventional wholesale bank announced its financial results for the second quarter of 2014 ...

 Jul 30 2014 - Taqa Arabia eyes Egypt expansionspanKhaleej Times
(MENAFN - Khaleej Times) Laa Holdings announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa oil marketing company.The company ...

 Jul 30 2014 - Real estate to pick up from next week: Industry expertspanKhaleej Times
(MENAFN - Khaleej Times) Bai Land Department transactions exceeded Dh113b for H1 The real estate market in Dubai is expected to pick-up again from next week after a slowdown during the last couple of ...

 Jul 30 2014 - Memon to hand over five projects in 2014spanKhaleej Times
(MENAFN - Khaleej Times) Mpany working on Dh1.Memon Investments has planned to hand over five projects worth more than Dh600 million in the next five months and is also planning to launch five new ...

 Jul 30 2014 - ADFD funding in underdeveloped countries hit Dh61bspanKhaleej Times
(MENAFN - Khaleej Times) E development finance institution articulates the UAEs continued commitment to support the development process of emerging countries.An exterior view of power plant in ...

 Jul 30 2014 - UK and US preferred by Arab travellers: MarriottspanKhaleej Times
(MENAFN - Khaleej Times) E US takes the lead when it comes to bookings with 20 per cent of all reservations closely followed by the UK which accounts for 16 per cent.Marriott International has ...

more...


 






Google

menafn.com

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help