Thursday, October 30, 2014

PM Cameron Appeals to Qatar Emir for More Investment

REUTERS UK: (Reuters) - Prime Minister David Cameron on Wednesday urged Qatar to plough more of its vast oil and gas wealth into infrastructure projects across Britain during an official visit from the Gulf state's emir.

Cameron asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain's push to develop cities in the north of the country and connect them to London using a high speed rail line, a statement released by his office said.

Qatar is one of the world's richest countries and is already heavily invested in British firms and property.

Among its highest profile investments are London's tallest building, the Shard, which was funded by the Qatari royal family, and the upmarket Harrods department store owned by sovereign wealth fund Qatar Investment Authority.

"The Prime Minister ... encouraged the Emir to consider more opportunities across the country, particularly the government’s plan to establish a Northern Powerhouse by connecting our great Northern cities and the development of high speed rail," the statement said. » | William James | London | Thursday, October 30, 2014