Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
DUBAI, United Arab Emirates (AP) — The energy-rich nation of Qatar says it plans to invest 5 billion pounds in the British economy within the next half decade.
Prime Minister Abdullah bin Nasser Al Thani announced the $6.3 billion investment at an investment forum in London. 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.
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.
The OPEC member announced plans to invest $35 billion over five years in the United States in 2015.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
