Cash rich Qatar to invest $2bn in India

Dubai, Feb 7
 
Cash rich Qatar, the richest Arab country with the highest per capita income in the world, plans to invest a whopping 2 bn dollars in India, the world’s second largest emerging economy. 
 
Qatar which has investments in key sectors worldwide, plans to set up a corpus of 2 bn dollars to investment in India in infrastructure and other promising sectors, The Peninsula daily reported. 
 
During a visit to Doha recently, the Secretary-General of the GCC Chambers, Abdulraheem Naqi, told The Peninsula that India was a key trade partner of the GCC and that the cash-rich countries were now increasingly looking towards India to park their investments. 
 
``The trend has changed after 9/11. We (the GCC) are looking more towards China, India and Malaysia to make investments,'' he said. 

These are the three most important nations in Asia that the GCC countries are now keen to invest in, and not the West any more, said Naqi.