The British Prime Minister, David Cameron has revealed that Qatar’s investment in the UK has reached £30 billion. Prime Minister Cameron said, he expected the investment to only grow in the coming times.
Speaking to Oxford Business Group, a global publishing, research and consulting firm, Cameron said, economic cooperation between Qatar and the UK would continue to grow in the future as well.
Although, the falling oil prices may have an impact on the economy of Qatar, the country is well-placed to respond to any unforeseen challenges, Cameron added. Stressing upon Britain’s need to be flexible and proactive, Cameron said, these are key to upholding our position as the primary European trading partner of Qatar and enhance the annual trade volume beyond £5 billion.
Elaborating on the benefits both countries had availed due to the robust trade partnership, the British Prime Minister said, “British firms are playing a vital role in the development of healthcare, education and financial services in Qatar, emphasising such participation would enable Qatar to successfully host the 2022 FIFA World Cup and achieve the objectives of its National Vision 2030.”
On the other hand, the huge investment of £30 billion that Qatar has made in the UK has been pivotal in developing projects such as the liquefied natural gas terminal in Wales and real estate, Cameron added. To further underline Qatar’s investment in the UK, the British PM said, the two buildings that have come to symbolise UK, The Shard on the London Bridge Street and Harrods in Knightsbridge, are owned by Qatar.
The British Prime Minister also stressed the need for cooperation between Qatar and the UK in terms of security. The security of each of the two country is of mutual interest and benefit to both the countries, he proclaimed.
Oxford Business Group’s upcoming publication titled ‘The Report: Qatar 2016’ would fully reflect the PM’s thoughts and plans for Qatar-UK relations. The report would be thorough guide for investors providing information in detail on each sector. Additionally, the report will also contain articles authored by leading personalities including H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Qatar’s Prime Minister and Interior Minister.
OBG’s publication ‘The Report-Qatar 2016’ is expected to act as a vital guide to investors on the issues of macroeconomics, infrastructure, banking etc. Both print and digital editions of the report will be made available. The Report: Qatar 2016 being produced in active collaboration with Qatar’s Ministry of Economy and Commerce, research think tank PwC Qatar and law firm Pinsent Masons have also contributed to the report.