Qatar-based JTA International Investment Holding has turned its attention to Andorra as it looks to boost its international investment portfolio.
Amir Ali Salemi Zadeh, founder and CEO of the group, travelled to Andorra in early October for a series of meetings with Prime Minister Xavier Espot and various government ministers, business leaders, organisations and institutions.
These included discussions around Andorra’s economic goals, identifying investment opportunities and investment projects.
Opportunities for Andorran companies to access the Qatari market were also discussed.
Looking to invest in infrastructure, energy and sport
JTA is keen to invest in infrastructure, energy and sports projects that can provide sustainable value.
The investment group are looking to invest with local Andorran companies.
This could give a base to build investments with companies already in place within the Principal.
However, no details have been released by JTA around how much money they are planning to invest and what projects may be implemented.
JTA appoints representative in Andorra
Since visiting Andorra in October, JTA have appointed a new representative to keep them connected with local institutions and businesses.
They will manage discussions with potential partners.
This indicates that the company intend to keep investing in this market.
But any potential investments are still in early stages.
Qatar-based group investing in 50 countries
JTA International Investment Holding was founded in 2010 specialising in funding, however have since moved into direct investment and acquiring equity.
The company now operate in a range of industries such as manufacturing, energy, healthcare, technology, financial services and tourism.
They currently operate in around 50 countries (Expansión).
They have already invested in a number of international projects including investing 50 million with KZA Medical on a pharmaceutical complex within Turkey and 45 million into Sepidan Drilling Services.
They also have interests in Germany, Canada, Indonesia, Greece and Vietnam.
Possibly looking to expand into Iberian Peninsula
Adding Andorra to their list of investments may signal that they want to expand further into the Iberian Peninsula.
They are reportedly looking to invest in Spain as part of phase two.
Around one year ago JTA were in talks to buy Spanish football team Getafe CF but this did not go through.
Within Andorra they have had meetings with the Prime Minister Xavier Espot and local business representatives to look at opportunities for foreign investment within key economic sectors.
However, no particular investment deals or projects have been announced.
Appointing a representative could be an important first step in seeing if JTA’s initial interest translates into actual investments within the Principality.
