Despite Qatar already investing £40bn in the UK, they are making another UK infrastructure investment over the next few years.
Qatar has said that it will invest a further £5bn in Britain in the next three to five years. This property news comes at a time despite the recent Brexit decision.
Ali Sharif al-Emadi, the Qatari finance minister, said that he is feeling optimistic about the future of the British economy, and this is no surprise with such a big commitment to investing this large amount into the UK.
He has said: “Currently the UK is our first investment destination and it is the largest investment destination for Qatari investors, both public and private.”
Qatar already has “more than £35bn to £40bn of investments” in the UK and was committing an additional £5bn “in the next three to five years.
“I am still looking, even after Brexit there will be opportunities Qatar Investment Authority (QIA) can really hunt for.
“Our aim now in the future is really to focus on infrastructure, and we will be focusing also on healthcare and IT.”
The UK will also double export finance available to support trade with Qatar, according to the International Trade Secretary, Liam Fox. This will improve the relationship between the two countries, which will further the opportunities for investment even more.
The country is one of the most proactive investors in London so this is something the UK’s authorities are remaining mindful of. They own several landmark sites all across the city and this trend is only set to continue in the future.
QIA are headhunting the perfect investments but they are primarily focusing on infrastructure over the next few years.
Attractive long-term investments are set to take place and this means that the next three to five years is going to a prosperous one for investors all over the world.
Written by Gemma Smith