An investment company created in Abu Dhabi three years ago is planning to set up more ventures in Qatar to tap its massive liquidity and high per capita income, said chief executive officer. Abu Dhabi Investment House (Adih) has been encouraged by its mega Entertainment City to pump more investment in Qatar's fast growing but costly real estate sector, Rashad Al Janahi told the Qatari Arabic daily Al Sharq. Janahi said his company and local partners are pushing ahead with the $3 billion (Dh11bn) Entertainment City, which is located in the heart of the master plan Lusail Development just north of the capital Doha. "This is one of our biggest projects to be constructed in the Gulf. For this purpose we have set up a $500 million fund to spend on the project. Work on the infrastructure has started and the project will be carried...
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