Qatar Is Influencing London Skyline, But Best Yet To Come

Investment from Qatar is influencing London’s skyline but even more investment is expected as the country continues to give the UK economy a strong vote of confidence – according to London’s Lord Mayor Peter Estlin.

Writing for City AM ahead of his visit to Qatar Estlin says that with over £3bn of inward investment announced since 2017 Qatar is on course to meet its pledge to invest £5bn in the UK, including £1.1bn in infrastructure and £1.7bn in property.

Qatari investments already include stakes in the ‘Walkie Talkie’ (20 Fenchurch Street), Shard, Heathrow Airport and a major gas terminal at Milford Haven.

Estlin writes: “The UK’s future will also be the main topic of conversation when I call on the Qatar Investment Authority, with whom I’ll discuss how the City can facilitate the next raft of UK investment projects.

“The relationship that we are building with Qatar – and, indeed, our partners across the Gulf – is one example of our opportunities to engage worldwide in the decades to come. I, for one, am excited to see what more our two countries can achieve together.”

Investment from the Middle East and Asia has been on an upswing for several years now. Estlin’s statement seems to confirm that money from places such as Qatar is likely to be even more significant in the future to keep the London and wider UK development boom going.

Source City AM
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