Prime Minister Boris Johnson met with the Amir of Qatar, Sheikh Tamim bin Hamad al Thani at Downing Street today (May 24) to discuss measures to strengthen economic ties. Several key sectors of the UK economy could reportedly be strengthened by striking a deal with the Middle Eastern nation.
As well as energy and defence, other sectors set for a boost include fintech, carbon-neutral vehicles, life sciences and cyber security.
Prime Minister Boris Johnson said:”Today’s announcement of up to £10billion in new investment from our Qatari friends is another vote of confidence in the UK’s brilliant businesses and cutting-edge industry.
“The new UK-Qatar Strategic Investment Partnership will create quality job opportunities across the country in key sectors, delivering on our vision of economic growth through trade and investment.
“Qatar is a valued partner for the UK, supported by Sheikh Tamim bin Hamad’s leadership. We had a rich discussion on the issues that matter to both of our countries, including boosting the economy, ensuring regional stability and improving energy security following Russia’s appalling invasion of Ukraine.”
This comes after Qatar pledged to invest into Rolls-Royce’s revolutionary small nuclear reactors.
These are set to provide a cheaper and more efficient way to provide nuclear power than traditional nuclear energy.
This is a breaking story. More to follow.