BUSINESS

Gulf investors pin Romania on their map

Investors from Gulf States such as Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Kuwait and Qatar are interested to expand their operations in Romania, in sectors like agriculture, infrastructure and the financial sector, Realitatea.net informs. The minimum sum they plan to invest in a project tops USD 20 M. “The Gulf States expressed their intention to identify feasible investment projects in Romania, at values of a minimum USD 20 M, in the following sectors: agriculture, natural resources – oil and gas, petrochemistry, infrastructure, banking&finance, IT&C, health&pharma industry, education and research, railways, power grids, SMEs and others,” reads a press release. One of the investors interested by projects in Romania is Hassad Food, the agricultural investment fund of the Qatar Investment Authority, which wants to develop a partnership in this field, in Romania. In its turn, Doha Bank voiced its interest to expand and strengthen its presence in Bucharest, depending on the existence of concrete projects which it will develop jointly with Romanian investors. With a representative office opened three years ago in Bucharest, Doha Bank is the first Qatari financial institution present on the local market.

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