QIA CEO Says QIA Committed To Investing GBP 10 Billion In UK Economy
Date
5/26/2023 2:26:42 PM
(MENAFN- Gulf Times) HE Qatar investment Authority (QIA) CEO Mansoor Bin Ebrahim Al Mahmoud stressed that the signing of the Qatar-UK Strategic Investment Partnership enabled QIA to pump many investments into the United Kingdom in line with the mandate of the Authority to build value for future generations in Qatar, indicating that the recent investments were made in financial technology, technology, e-commerce spaces and other domains.
During his meeting with the HE UK Secretary of State for Business and Trade Kemi Badenoch on the occasion of the first anniversary of the Qatar-UK Strategic Investment Partnership, His Excellency said that Qatar is committed to investing up to GBP 10 billion in key sectors of the UK economy during the period 2022-2027 as part of the strategic investment partnership, adding that the investments reflect QIA's strategic focus on driving innovation and future-focused sectors in the United Kingdom and the world, which helps to create high-skilled jobs and forge new paths for sustainable growth.
Al Mahmoud continued by saying that QIA is a long-term investor in the United Kingdom and is committed to supporting the country's vision to become a global center for science and technology, and that QIA carries on exploring new investment in and partnership opportunities with the United Kingdom, financing cutting-edge platforms and ambitious startups that will transform industries from finance and energy to life sciences.
For her part, HE UK Secretary of State for Business and Trade Kemi Badenoch said that this significant achievement demonstrates the joint commitment of the United Kingdom and Qatar to driving growth in key industries of the future, ranging from green technology and life sciences to cyber security and beyond.
Her Excellency said that as one of the best investment destinations in Europe, the UK aspires to work with QIA to build on the ambitions of a bilateral partnership over the coming years to create more job opportunities, support business, and develop both countries' economies for mutual benefit and interest.
HE UK Secretary of State for Business and Trade affirmed her ministry's commitment to strengthen its long-term cooperation with QIA through their joint investment priorities, whether within the framework of the strategic investment partnership or beyond. (QNA) Related Story
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