Qatar Holding Establishes Subsidiary in Indonesia

Doha, December 08 (QNA) - Qatar Holding today announces the establishment of a wholly-owned subsidiary in the Republic of Indonesia. To be based in Jakarta, the subsidiary (QH Indonesia) will identify and evaluate investment opportunities in Indonesia specifically. Investment opportunities will mainly be in commodities and natural resources, as well as other sectors, and will be considered in line with the investment strategies of Qatar Holding. With an investment allocation of USD 1 billion, it is envisaged that QH Indonesia will make a significant contribution to the enhancement of Qatar Holding s global portfolio by creating a presence in a major Asian emerging market. Qatar Holding LLC, a wholly-owned subsidiary of Qatar Investment Authority, is a global investment Corporation and a preferred partner of choice for investors, financiers and other stakeholders. It is envisaged that the already significant investment portfolio of Qatar Holding will continue to grow. Key Investments of Qatar Holding include Agricultural Bank of China, Barclays plc, Canary Wharf Group (via Songbird Estates), Credit Suisse Group, Harrods Group, Hassad Food Company, Iberdrola SA, J Sainsbury plc, London Stock Exchange, Lagardere, Porsche, Qatar Exchange, Qatar Telecom, Qatar National Bank, Santander Brasil and Volkswagen AG. (QNA)