Qatar Is Ready to Invest $1 Billion in Philippines, Star Says

Qatar is prepared to invest as much as $1 billion in the Philippines through its sovereign wealth fund, mainly in infrastructure projects, The Philippine Star reported, citing Cristino Panlilio, the Philippines’ trade undersecretary.

An investment agreement is likely to be signed next month, when Qatar’s Emir Hamad Bin Khalifa Al Thani visits the Philippines, the newspaper said.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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