Doha, Qatar – Qatar Investment Authority (QIA) will invest up to GBP 10 billion ($12.4 billion) in the UK economy over 2022-2027, the CEO, Mansoor Bin Ebrahim Al Mahmoud said on Tuesday.
The investment pledge was made during a meeting with the UK Secretary of State for Business and Trade, Kemi Badenoch, on the first anniversary of the Qatar-UK Strategic Investment Partnership.
The investments made by QIA in the United Kingdom will focus on key sectors such as financial technology, e-commerce, and other domains. Al Mahmoud emphasized that these investments align with QIA’s strategic focus on driving innovation and future-focused sectors in the UK and globally, ultimately creating high-skilled job opportunities and fostering sustainable growth.
Al Mahmoud highlighted QIA’s intention to explore new investment and partnership opportunities with the country, financing cutting-edge platforms and ambitious startups that have the potential to transform industries, including finance, energy, and life sciences.
Badenoch emphasized the shared commitment of the UK and Qatar to drive growth in key industries of the future, such as green technology, and cyber security. She also acknowledged the UK’s aspiration to collaborate with QIA in building on the bilateral partnership, aiming to create more job opportunities, support businesses, and develop the economies of both countries for mutual benefit and interest.