In this blog we will analyze New Markets at the country, sector and firm level. We will not attempt to be 'complete', but focus on background news instead.
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Sunday, April 4, 2010
QATAR FUND QIA MAY INVEST IN FRENCH'S SHIPPING GROUP CMA, ONE OF THE WORLD'S LARGEST MARITIME TRANSPORTATION FIRMS
It is clear that Emerging Markets are not just nice places for Westerners to invest in. It is striking to see how the richest Emerging and Frontier countries are now also important direct investors in the W...est through acquisitions of important firms. Last week, the acquisition of Volvo from Ford Motors by Chinese group Geely was already remarkable.
This week, the Qatar Investment Authority - a rich sovereign wealth fund - expressed its interest in acquiring CMA CGM, a family-owned French shipping firm. This Marseille-based firm, the third largest in the World, is struggling under large debts due to the global crisis. Qatar is not struggling at all, when comparing things in Doha with problems faced by other nations around the globe. The country's GDP growth is in excess of 10 per cent per annum, even in a globally difficult 2009. Average GDP per capita is the highest in the world and the country is the largest exporter of liquified gas.
With one of the ideas of the government being the expansion of the harbor of Doha, the move is not an illogical one if it succeeds. It is in line with LMG Emerge's vision that over the next 3-5 years the Middle East and Africa are clearly regions that should play a larger role in investment portfolios. And for Western entrepreneurs interested in expanding their ties with firms from this region it is a fascinating growth story as well.
Make sure that you don't make the mistake to think that Emerging Markets are only about China, India, Brazil and Russia and that the Middle East is only about political problems between the Palestinians and Israelis, or about troubles with Iran.
LMG Emerge is convinced that we will bring you more positive messages than this one during the next 12 months.
For more information, see the link below from Business Intelligence Middle East:
Principal at LMG Emerge. LMG is an internationally operating independent financial consultancy firm headquartered in Zeist, The Netherlands.
Our clientele consists of institutional and high net-worth private investors (investment advice) and corporates (valuation advice, risk analyses).
Our areas of activity include: Asset Allocation, Selection of Financial Providers/Asset Managers and Emerging Markets advice.