[Photo: Auto Middle East]

In these times of crisis, the excess wealth of the Middle East is a great help to car makers. And now, they’re like the knight in shining armor for some auto companies. Abu Dhabi started it last month when it brought a 9.1% stake in Daimler.

News have it that Qatar is following the lead, expressing interest in buying a stake in Porsche. Qatar is looking into investing its wealth into German automotive companies, and Porsche is one of those it is eyeing.

The timing couldn’t have been better. Porsche has to pay a 3.3 billion Euro debt on top of its intent to up its stake in Volkswagen. As of now, there’s no word yet regarding the amount Qatar is investing in Porsche, but it sure is a good thing for the car maker.