Back
Qatar will invest £1 billion ($1.3 billion) in climate technology in the UK, with the British government saying some of the cash will go towards supporting the UK’s energy transition.
The announcement came during a two-day official visit to the UK by Qatar’s Emir Sheikh Tamim bin Hamad Al Thani.
Starmer’s spokesman said Britain wanted to build deeper ties with the wealthy Gulf state and hoped to use the visit to deliver “tangible security and economic benefits” for the country.
The investment is expected to create jobs in both countries and set up climate technology hubs to accelerate the development of climate-friendly technologies, the government said. It said these include investments in Rolls-Royce’s technology programmes to improve energy efficiency, support new sustainable fuels and reduce carbon emissions, as well as initiatives focusing on energy efficiency, carbon management and green energy.
Qatar's investments in the British economy are estimated to exceed £40 billion, with Qatar announcing plans to invest a further £10 billion by 2027.
