Qatar Holdings acquired UK luxury retailer Harrods for $2.2 billion

Qatar Holdings, an investment arm of the Qatar Investment Authority, acquired Mohamed Al Fayed's Harrods department store in London for $2.2 billion - The Associated Press is reporting.

Qatar Holding will be the fifth owner of Harrods since Henry Charles Harrod started the business as a small grocery shop opened in 1849. The store has over one million square feet of selling space in over 330 departments.

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.

The full Associated Press story follows