London (IINA) � The State of Qatar unveiled plans to invest 5 billion pounds ($6.3 billion) in the British economy over the next three to five years, Qatar News Agency (QNA) reported.
Prime Minister Abdullah bin Nasser Al Thani announced the $6.3 billion investment at an investment forum in London on Monday. He said the outlay would come over the next three to five years through investment funds and other "relevant parties" in the Gulf Arab country, a major exporter of natural gas.
He pointed out that investments would focus on energy, infrastructure, and real estate among other sectors.
"Qatar is already a top investor in the UK, having invested more than 40 billion pounds across the country," the prime minister added.
According to the Associated Press, the 2022 World Cup host nation has already invested heavily in Britain. Its holdings include a stake in British bank Barclays and several prominent London properties, including the iconic Harrods department store.
Source: International Islamic News Agency