Abu Dhabi, Qatar snatch ranks in top 5 global real estate investors
(MENAFN) The top five real estate investors in the world were said in a research report to have involved Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority (QIA).
Being among the top indicates a growth of alternate investments portfolio within the gulf sovereign wealth funds (SWFs).
SWFs in the Gulf were explained to have pushed economic diversity, accomplishing growth away from oil and attracting investment in a wide range of non-oil related assets.
In its research note, Credit Agricole's IndoSuez Wealth Management said that ADIA has been ranked as the top real estate investor internationally as it manages USD62.1 billion in real estate assets.
QIA was also said to be managing USD35 billion of investments in real estate, placing it as the fifth after Netherlands, Germany and France.
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