Oil-Rich States 'Looking to Buy Up Princes Street'

Daily MailFebruary 25, 2008

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Summary


ONE of Scotland's most famous shopping streets could be sold to Middle Eastern investors as part of ambitious plans to revive its fortunes.

Council leaders in Edinburgh say 'sovereign funds' from countries such as the United Arab Emirates and Qatar are looking at purchasing every building on Princes Street.

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Oil-Rich States 'Looking to Buy Up Princes Street'

Sovereign funds are bodies created by governments to manage the investment of their nation's surplus wealt...

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