Qatar has pledged to invest £10bn in the UK, including the technology, healthcare, infrastructure and clean energy sectors, as British government steps up its efforts to woo sovereign wealth fund investment from oil-rich Gulf states.
Sheikh Mohammed bin Abdulrahman Al-Thani, the Gulf state’s foreign minister, told the Financial Times that the funds would be channelled through the Qatar Investment Authority over the next five years.
“We hope this will bring a big deal of opportunities to the UK and Qatar in the near future,” said Sheikh Mohammed, who is chair of the QIA, which has an estimated $450bn under management.
“Especially in the areas of technology, fintech, sustainability, there’s great potential with zero-net happening,” he added, referring to the UK’s plans to cut the UK’s net carbon emissions to zero by 2050.
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