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FACTBOX-Gulf Arab foreign investments
March 23, 2009 / 12:37 PM / 9 years ago

FACTBOX-Gulf Arab foreign investments

March 23 (Reuters) - Abu Dhabi government-linked Aabar Investment AABAR.AD completed a $1.82 billion capital hike on Monday after taking a 9.1 percent stake in Daimler (DAIGn.DE) to become the top stakeholder in the German carmaker.

Gulf-based investment firms have poured billions of dollars in recent years into businesses ranging from Western banks and stock exchanges to sports clubs and circus troupes. Following are details of some recent major Gulf investments:

Sept. 2007 - The Qatar Investment Authority said it had bought a 20.86 percent stake in the London Stock Exchange (LSE.L). Borse Dubai also agreed to buy a 28 percent stake in the LSE from Nasdaq.

Sept. 2007 - Carlyle Group [CYL.UL] said it was selling a 7.5 percent stake to Abu Dhabi government-owned Mubadala Development Company for $1.35 billion.

Sept. 2007 - Abu Dhabi National Energy Co said it would buy Canada’s Primewest Energy Trust for C$5 billion ($5.09 billion) in cash, in its biggest acquisition to date.

Oct. 2007 - State-owned Dubai Drydocks World offered to buy Singapore’s Labroy Marine LBYMF.PK for around $1.63 billion as interest in rig-building assets heats up amid record oil prices.

Nov. 2007 - The Abu Dhabi Investment Authority seals a deal to buy a $7.5 billion stake in U.S. bank giant Citigroup (C.N).

Dec. 2007 - Bahraini Islamic investment bank Gulf Finance House (GFH) signed a deal to develop a $10 billion economic development zone near Mumbai to tap booming sectors such as energy and telecommunications.

Feb. 2008 - Al Maabar, a UAE-based venture of Aldar Properties and Sourouh Real Estate, plans to build the Bled El Ward (Town of Flowers) complex of homes, offices, trade centres, and hotels over 5,000 hectares. The $10 billion complex north of Tunis will be one of Africa’s biggest real estate projects.

April 2008 - GFH planned to develop a petroleum-related research and education area on Kazakhstan’s Caspian Sea coast at a cost of $10 billion.

April 2008 - Qatar-based Gulf Petroleum Ltd secured regulatory approvals to develop a $5-billion oil and petrochemical complex in the northern Malaysian state of Perak. It will invest between $1.5 billion and $2 billion in the project’s first phase to build an oil refinery. June 2008 - Qatar Telecommunications will buy Singapore Technologies Telemedia’s TLMA.PA entire stake in Indonesia’s PT Indosat for $1.8 billion, gaining 40.8 percent control of that country’s second-biggest mobile phone firm.

July 2008 - GFH said it is to build a corporate centre, an investment banking and advisory centre, an insurance centre and a stock exchange north of Tunis at a cost of $3 billion.

Aug. 2008 - Dubai World, the sovereign wealth fund of the Dubai government, agreed to invest in Russian electricity producer OGK-1 OGK1.MM. The acquisition could be worth more than $5 billion.

Sept. 2008 - A member of Qatar’s royal family has bought a 5 percent stake in Icelandic bank Kaupthing KAUP.IC for 25.6 billion Icelandic crowns ($284 million).

Sept. 2008 - Abu Dhabi investment agency Mubadala Development Co said on Sept. 23 it had bought a 50 percent stake in Los Angeles-based Kor Hotel Group.

Oct. 2008 - Abu Dhabi’s Masdar bought into German firm E.ON’s EONG.DE stake in the massive London Array offshore wind farm project for an undisclosed sum.

Oct. 2008 - Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family, said he is to invest up to $5.7 billion in Barclays Plc, giving him a stake of up to 16.3 percent in Britain’s second-biggest bank.

March 2009 - Abu Dhabi government-linked Aabar Investment AABAR.AD took a 9.1 percent stake in Daimler (DAIGn.DE) worth 1.95 billion euros ($2.67 billion) in a surprise move that made it the top stakeholder in the ailing German carmaker. (Writing by David Cutler and Carl Bagh, London Editorial Reference Unit; Additional writing by Jijo jacob; editing by Simon Jessop)

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