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FINANCIAL NEWS
Qatar’s UK investments hit USD45.53b
29 Jan 2015
(MENAFN) Qatari investments in the United Kingdom have reached USD45.53 billion, with Qatar saying that as it is seeking to increase its stakes in Britain as well as boost the lateral trade and to help the Qatari and British companies strengthen their investments in both countries, it has established a new British Chamber of Commerce in Qatar, The Peninsula Qatar reported.
Currently, the major Qatari investments in UK include stakes in Sainsbury’s, BAA, London Stock Exchange, Barclays, the US Embassy building in Grosvenor Square and the Sharad, as well as in the Olympic Park and the Shell Centre in London.
The gulf country said that launching an office for the British Chamber of Commerce in Doha will support and develop the small and medium enterprises (SMEs), in addition to helping boost the trade between the two countries, which grew by 40 percent in 2014 comparison with the previous year.
“Thanks to the big support provided by the two governments and the Qatar Chamber, the British Chamber of Commerce in Doha will become one of the leading authorities to support business in the country, and to offer a wide range of business services to facilitate and accelerate the work of the small and medium-sized companies towards success in the world of business in Qatar,” the Managing Director at the British Chamber of Commerce Office in Doha said.
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