Qatar Investment Authority (QIA), the country's sovereign wealth fund, has reaffirmed its long-term commitment to the UK, through a strategy of continuous, gradual investment and increased diversification, irrespective of the outcome of Brexit.
"QIA has built a world-class portfolio of assets within the UK and successfully established partnerships with several leading British financial institutions," said Mansoor al-Mahmoud, QIA chief executive.
Against the backdrop of uncertainty created by Brexit, QIA has continued to invest in the UK, announcing in 2017 an intention to invest an additional £5bn of investment across all regions of the UK, in sectors including infrastructure, technology and energy, he said.
With almost 90% of these funds now committed, QIA continues to believe that the UK would fundamentally remain an attractive destination for long-term investment, irrespective of the ultimate outcome of Brexit, according to him.
"We will continue to examine and seek exciting opportunities to grow our UK portfolio and we look forward to strengthening our existing UK partnerships and developing new opportunities for the long-term benefit of both nations,” he said.
Welcoming Qatar’s display of long-term confidence in the UK amidst its exit from the European Union, UK ambassador to Qatar Ajay Sharma said: "Over many years, the UK and Qatar have successfully forged strong diplomatic and economic relations, and we look forward to further strengthening these ties following QIA’s renewed commitment to invest billions of additional pounds in the UK over the years to come.”