Wednesday, January 09, 2008

Qatar’s Real Estate King

Donald Trump, eat your heart out.

While less well-known than the brash American developer’s company, Qatari Diar has quietly grown in just its first two years to become one of the biggest real estate companies in the world, with properties from London to Cuba.

The value of its portfolio? Nearly $40 billion.

Leading this new real estate powerhouse is Nasser Hassan Al-Ansari, who, at 40, is representative of a new generation of Persian Gulf business leaders. Educated in the United States and Europe, they have greater financial sophistication and more-global ambitions than their predecessors.

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