Qatar Is Leading Example In Directing Investments, Says UK Business Secretary

(MENAFN- Gulf Times) Secretary of State for the Department for Business and Trade of the United Kingdom Kemi Badenoch described the State of Qatar as a leading example in directing investments and bringing about effective economic development.
In an interview with Qatar News Agency (QNA) during her recent participation in the Qatar Economic Forum 2023, Badenoch stressed that the participants in the important annual event expressed their great admiration for the infrastructure that Qatar currently possesses thanks to the investments in this aspect.
The British minister said that her visit to the State of Qatar was to participate in the QEF and contribute to the negotiation process with the countries of the Cooperation Council for the Arab States of the Gulf (GCC) to sign a free trade agreement between the UK and the Council.
She explained that an agreement between the two side will promote trade and investment in environmentally and climate friendly goods and services, pointing out that the UK is a world leader on climate action, and they promote the delivery of environmental and climate commitments in a multilateral framework.
"Exports of UK wind turbine parts currently face tariffs of up to 15%. An agreement with the GCC would create opportunities for other parts of the UK's green technology industries, including solar power, hydrogen power, electric vehicles and smart energy systems," she said.
Badenoch praised the strong relations based on good business and joint investments between Qatar and the UK, hailing the contribution of Qatar to the economy of the region, as this was evident when the country hosted the FIFA World Cup Qatar 2022, which reflected what the region can offer to global economic growth.
On the 3rd edition of the Qatar Economic Forum 2023, Badenoch explained that the forum brought together global leaders in the field of business, investment and finance dedicated to discussing challenges, providing new perspectives and celebrating successes.
She noted that one of the UK's priorities lies in increasing sustainable energy resources, stressing the continuation of cooperation with Qatar on energy security and renewable energy after the Qatar-UK Energy Dialogue held in May 2022.


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