Sign in Register
Posted On: 21 September 2019 10:21 am
Updated On: 12 November 2020 02:05 pm

QIA confirms long term commitment to UK

Sumaica Asad
Sumaica Asad
Discuss here!
Start a discussion

Chief Executive Officer of Qatar Investment Authority (QIA) Mansoor Ebrahim Al Mahmoud affirmed QIA's long-term commitment to the UK through a continuous and diversified investment strategy.

QIA has built a global portfolio of assets within the UK and has successfully established partnerships with several leading British financial institutions, the QIA chief executive said in a statement on Friday.

Al Mahmoud said that despite the apparent instability during Brexit, QIA continued its investments in the UK. In 2017, QIA announced its intention to invest 5 billion across the UK, in sectors including infrastructure, technology and energy, he explained.

Al Mahmoud pointed out that with nearly 90 percent of these assets have been pledged, QIA is confident that the UK will remain an attractive destination for long-term investment, regardless of Brexit's result.

QIA will continue to study opportunities to expand its portfolio in the UK and look forward to strengthening its existing partnerships in the UK in addition to developing new opportunities for long-term benefit for both countries, Al Mahmoud pointed out.

H.E. British Ambassador to the State of Qatar Ajay Sharma said that with Britain leaving the European Union, the UK welcomes Qatar's long-term confidence. For many years, the UK and Qatar have established strong diplomatic and economic ties, and the UK looks forward to strengthening these relationships following QIA's renewed commitment, he added.

Source: QNA