'Qatar investments boost city of London corporation’s position as global hub'
The Peninsula
Doha, Qatar: Lord Mayor of the City of London, H E Alastair King has affirmed the importance of Qatari investments in the UK, noting that Qatar is a m...
Doha, Qatar: Lord Mayor of the City of London, H E Alastair King has affirmed the importance of Qatari investments in the UK, noting that Qatar is a major contributor to the London Stock Exchange, strengthening the position of the financial district as the world’s leading capital market.
“The UK is amongst the favorite European destinations for Qataris and the most attractive, in terms of varied investments. Qatar is a prominent investor in London with investment amounting to around £40bn and covering a range of sectors, from infrastructure and real estate to financial services,” he told Qatar News Agency.
He added that the “Qatari investment in the UK has a mutual benefit for both our countries - it continues to contribute to job creation, growth and prosperity in the UK, generates significant long-term returns for Qatar, and drives innovation”.
He highlighted the recently launched Mansion House Accord1 - an industry-led initiative that brings together over 17 of the UK’s biggest pension providers to invest tens of billions of pounds into the UK’s economy.
“The Mansion House Accord will potentially allow more United Kingdom-based firms to act as lead investors in UK infrastructure. This may encourage Qatari funds to co-invest into the UK,” King added.
