Friday, August 29, 2014

Rich Qataris scout for deals in Kenya

Safaricom CEO Bob Collymore, Vodafone CEO Kyle Whitehill and  Khalid Thani, chairman of  Qatar Business Association. PHOTO | SALATON NJAU

Safaricom CEO Bob Collymore, Vodafone CEO Kyle Whitehill and Khalid Thani, chairman of Qatar Business Association. PHOTO | SALATON NJAU 
By EVELYN SITUMA

Qatar billionaires led by members of the ruling family have joined the list of super wealthy individuals looking for investment deals in Kenya.
Dr Khalid Bin Thani Al Than is in Nairobi together with a number of Qatari businessmen to scout for deals in Kenya’s real estate, health and communication.
His visit comes less than four months after President Uhuru Kenyatta visited the Middle East nations and at a moment when billionaires such as Nigeria’s Aliko Dangote, Sir Richard Branson, Mukesh Ambani and Flavio Briatore are increasing their activities in the country.
“We are here to concentrate in health, real estate targeting the middle class, finance and communication and I’m also seeking your advice,” Dr Khalid Thursday told a gathering of journalists, government officials and top CEOs at an event organised by the Kenya National Chamber of Commerce and Industries (KNCCI) in Nairobi.
He will invest in Kenya through his companies like Ezdan Real Estate Co and Medicare Group—firms that Dr Khalid majority owns.
Sheikh Dr Khalid is a member of royal family and owns stakes in listed companies which he heads. They include Islamic Holding Group, Qatar International Islamic Bank, Mackeen Holding, Zenon Trading & Contracting Co.

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