Qatar's £5 billion investment plan in the U.K. will include spending for real estate projects within the next five years, Property Investor Europe reported, citing Qatari Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani.
The investment pledge underscored the Middle Eastern country's commitment to supporting the British economy, especially now that it has left the European Union. Aside from properties, the investment will also cover the infrastructure and energy sectors.
Despite Brexit, the gulf state's Qatar Investment Authority remains positive on potential investment opportunities in the U.K., according to its CEO Sheikh Abdullah bin Mohammed bin Saud al-Thani.
The country's current investment exposure in the U.K. amounts to approximately £40 billion, according to the March 28 report. This includes well-known buildings such as the Shard asset in London and the Harrods' department store business.