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
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.