Among the GCC countries, the UK imports largest quantity of gas from Qatar.
Qatar has been the most active GCC investor in the UK in recent years, and has rapidly built up a large portfolio of assets ranging from Harrods to a 26% stake in Sainsbury’s, the UK’s third largest supermarket chain.
The GCC is among the UK’s top ten destinations for exports and also its main source of hydrocarbon imports, after Norway. From the GCC’s perspective, the UK is its ninth most important supplier of imported good, according to IMF data. In addition to physical trade, the UK is also a major supplier of business services to the region.
On the investment side, the UK has long been a focus for GCC investors, who own many iconic buildings in London and sizable stakes in blue chip firms. Gulf investors take a long-term view of UK investments, and see the current weakness in the economy and Sterling as an opportunity to expand their portfolios.
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