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Editorial
News today that the Qatari government is considering making a move on The Savoy and has agreed to buy the "Slug" building in Oxford Street, follows hot on the heals of acquisition this week of Park House in Mayfair for £250 million, the purchase of Harrods, with more on the way, and now we must ask what else are the Qatari’s interested in buying?
With 80% of the worlds natural gas reserves located in the gulf state there is no limit to the cash reserves on offer, with the chairman of one of the commercial vehicles setup by the Qatari government Barwa, Ghanim bin Saad Al Saad in the Daily Telegraph:
"We are delighted to have acquired a major site in Central London which is set to become an important feature in one of the busiest and most successful locations in the UK capital".
As we approach the summer months London will fill up with the families of the billionaire sheikhs who move to London until the start of Ramadan. London is a "cool place" for Qatar to invest, we have it all here. But should we be selling our "prize assets" to governments in the Gulf states? With so much tension around the world this should be a positive move for Arab Muslims to become major stakeholders in London, and may even be a deterrent for extremist Islamists bombers in London.
We need cash in London, the Qatari’s have it, we don't so let it continue, and you may even be reading the first Qatari owned London online daily newspaper soon! photo credit: Emir of Qatar Hamad bin Khalifa Al Thani
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