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Qatar prepares a $12B investment firm

Feb 20, 2013, 12:38 PM EST
Mark Cavendish of Great Britain and Omega Pharma - Quick Step rides in the peloton prior to winning stage six and the overall clasification of the 2013 Tour of Qatar

Qatar plans on creating a $12 billion investment company, backed by blue-chip assets from its sovereign wealth fund, which will be open to shareholders and will be listed on the local stock exchange. Qatar Holding - the investment arm of the Qatari sovereign fund - said the new firm will be half-owned by the country’s sovereign wealth fund and half by the private sector and will invest in assets around the world.