Quotes: 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 cooperaton 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.


 


The Peninsula




  MENA News Headlines
 Feb 25 2017 - Minister of Investment participates in Egyptian-Lebanese Business Forum in LebanonDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Investment and International Cooperation Sahar Nasr is scheduled to fly to Lebanon on a two-day visit to participate in the Egyptian-Lebanese Business ...

 Feb 25 2017 - Egypt- Defence Minister pays official visit to Hungary to discuss military cooperationDaily News Egypt
(MENAFN - Daily News Egypt) Egyptian Minister of Defence Sedki Sobhi held talks on Wednesday with his Hungarian counterpart, István Simicskó, in Budapest during an official visit paid by Sobhi to ...

 Feb 25 2017 - Egypt- Mobile operators offer their voice services to TEDaily News Egypt
(MENAFN - Daily News Egypt) Mobile phone companies offered their voice services to be used by Telecom Egypt (TE) in phases that are being agreed upon. TE is to offer mobile services this year. ...

 Feb 25 2017 - Egyptian parliament says Merkel is to visit Egypt next week, no German confirmation yetDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian parliament said in an official statement on Tuesday that German chancellor Angela Merkel will visit Egypt next week. There was, however, no confirmation ...

 Feb 25 2017 - Iraqi army storms Mosul airport in key attack on 'Islamic State'Daily News Egypt
(MENAFN - Daily News Egypt) The Iraqi military said on Thursday that special forces were closing in on "Islamic State" (IS) terrorists in the city of Mosul. State television reported that ...

 Feb 25 2017 - UN envoy doubts 'breakthrough' at Syria peace talksDaily News Egypt
(MENAFN - Daily News Egypt) Talks to end Syria's six-year conflict restart in Geneva on Thursday. They will be the first United Nations-mediated negotiations on Syria in almost a year, during ...

 Feb 25 2017 - Immigration Minister hosts Egypt's first workshop on harnessing migration for developmentDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian Ministry for Immigration and Egyptian Expatriate Affairs and the International Organization for Migration (IOM) have hosted Egypt's first international ...

 Feb 25 2017 - Iraqi forces claim key Mosul base, eye victory against 'IS'Daily News Egypt
(MENAFN - Daily News Egypt) Iraqi troops have successfully taken the whole of Mosul airport back from so-called "Islamic State" (IS) terrorists, the army said on Friday. Their forces have also ...

 Feb 25 2017 - Israel denies Human Rights Watch visa over 'bias'Daily News Egypt
(MENAFN - Daily News Egypt) HRW was informed of the Israeli decision some six months after its representative, Omar Shakir, applied for the visa, the organization said on Friday. "The denial ...

 Feb 25 2017 - Philippine peso hits 10-year low, Asian currencies sagKhaleej Times
(MENAFN - Khaleej Times) The peso stayed at its lowest levels in a decade on Wednesday. The dollar's strength, following hawkish comments from Federal Reserve officials, hit the currecies of ...

more...


 





Google

 
 

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

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help