Qatar has promised to invest £5bn in UK’s transport, property and digital technology, as announced by Qatar’s finance minister, Ali Shareef al Emadi. As one of the largest investors in UK, he said that regardless of what happens after Brexit, Qatar is still optimistic of UK’s economy.
Before this investment, Qatar has already invested £40b in the UK. Harrods is fully owned by Qatar Holding. It also owns 95% of Shard in London. Other stakes by Qatar include Canary Wharf, Milford Haven and London’s Olympic Village.
"Currently the UK is our first investment destination and it is the largest investment destination for Qatari investors, both public and private," Ali Shareef al Emadi, the country's finance minister, told the BBC.
Mr Al Emadi will be joining International Trade Secretary Liam Fox in Birmingham where there will be showcase by UK firms in sport, cyber-security and healthcare. Mr Al Emadi also did no rule out the possibility of investing in UK infrastructure projects such as the new high speed rail link between London, Birmingham and Manchester - HS2.
"We will look at those deals; we will look at electricity, roads, bridges, railways," he said.
Qatar also believes in long term investment in UK, instead of looking at any short-term cycles, such as Brexit or the financial crisis years.
"If you look at what we have done here, it has always been a win-win situation, whatever investment we do in the UK," he said.
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