Manila eyes $1.5b investments from Qatar, Kuwait
Thursday, 12 January 2012
MANILA, Jan 11 (Reuters): The Philippines said Wednesday it expects investments totaling $1.5 billion from Qatar and Kuwait this year, with investors looking at opportunities in infrastructure, agribusiness, tourism and energy sectors.
Qatar's sovereign wealth fund was taking a look at the Southeast Asian nation's agriculture, energy and tourism sectors, Manila's Trade Undersecretary Cristino Panlilio told Reuters.
Panlilio said Qatar's investment plans may be discussed during a state visit later this month by the Emir of Qatar.
"The Qatar Investment Authority is interested in food security, agribusiness, energy-related projects and hotels," he said in an interview, without giving further details.
Panlilio said another $500 million in investment has been committed by Kuwait and Gulf Link Holding Co (KGL), which was eyeing opportunities in the tourism, business outsourcing, and infrastructure sectors.
"KGL is open to investing in new projects, not just government projects," he said.
He confirmed a local newspaper report Tuesday that top KGL officials had recently met with President Benigno Aquino about the global logistics group's investment plans.
Qatar's sovereign wealth fund was taking a look at the Southeast Asian nation's agriculture, energy and tourism sectors, Manila's Trade Undersecretary Cristino Panlilio told Reuters.
Panlilio said Qatar's investment plans may be discussed during a state visit later this month by the Emir of Qatar.
"The Qatar Investment Authority is interested in food security, agribusiness, energy-related projects and hotels," he said in an interview, without giving further details.
Panlilio said another $500 million in investment has been committed by Kuwait and Gulf Link Holding Co (KGL), which was eyeing opportunities in the tourism, business outsourcing, and infrastructure sectors.
"KGL is open to investing in new projects, not just government projects," he said.
He confirmed a local newspaper report Tuesday that top KGL officials had recently met with President Benigno Aquino about the global logistics group's investment plans.