Qatar’s investment in Britain totals QR124bn

Qatari investments in the United Kingdom have increased yearly, and amounted over QR124bn as the energy-rich Gulf State owns several companies and investments in Britain, including stores “Harrods”, and 26 percent of the shares of stores “Sainsbury”, a statement issued by Qatari Businessmen’s Association (QBA) said yesterday. 

Dr Sheikh Khalid bin Thani Al Thani, Second Deputy to the Chairman of Qatari Businessmen Association, yesterday hosted a senior British delegation headed by Lord Alderman Roger Gifford, the Mayor of the City of London, in the presence of British Ambassador Michael O’Neill and accompanying guests that included Sherrif Jeffrey Evans and Colonel Billy King Harman , at Sheikh Khalid’s Majlis at Al Gharrafa.

The Qatari-British relations witness rapid development, and an increase in bilateral investments. The volume of trade exchange has registered a rapid growth and reached £7bn (QR38.5bn) during six months, particularly between January and July 2012, according to the statement. 

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