Qatar Investment Authority (QIA) reaffirms its long-term commitment to the United Kingdom, through a strategy of continuous, gradual investment and increased diversification.
Speaking on the recent developments, QIA CEO Mansoor Al Mahmoud, said that QIA has built a world-class portfolio of assets within the United Kingdom and successfully established partnerships with several leading British financial institutions.
Against the backdrop of uncertainty created by Brexit, QIA has continued to invest in the United Kingdom, announcing in 2017 an intention to invest an additional £5 billion of investment across all regions of the UK, in sectors including infrastructure, technology and energy.
With almost 90% of these funds now committed, QIA continues to believe that the UK will fundamentally remain an attractive destination for long-term investment, irrespective of the ultimate outcome of Brexit. We will continue to examine and seek exciting opportunities to grow our UK portfolio and we look forward to strengthening our existing UK partnerships and developing new opportunities for the long-term benefit of both nations.’
Her Majesty’s Ambassador to the State of Qatar, HE Ajay Sharma CMG, said that as Britain leaves the EU, they welcome Qatar’s display of long-term confidence in the UK.
Over many years, the UK and Qatar have successfully forged strong diplomatic and economic relations, and we look forward to further strengthening these ties following QIA’s renewed commitment to invest billions of additional pounds in the UK over the years to come.’
For updates and more information about QIA, visit their website at qia.qa.