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Qatar will invest 110 mln in 5 years in Costa Smeralda

Posted: 20 April 2017

Smeralda Holding, a Qatar sovereign fund company, will invest €110 mln in five years in Costa Smeralda with a double goal: to improve facilities and infrastructure to diversify target customers and to extend as much as possible seasonality.

It was been explained in an article published by MF by Mario Ferraro, managing director of Smeralda Holding, who in 2012 bought from the Colony Capital of Tom Barrack the hotels of Costa Smeralda, apart from apartments, offices and shops as well as 51% of Land Holding (joint Venture with Marriot) holding 2,700 hectares of coastline, 10% building.