Qatar will invest $1.26B in climate technology in Britain as part of a landmark clean energy partnership between London and Doha, according to a UK government statement on Wednesday.
The new UK-Qatar partnership is expected to create thousands of highly skilled jobs across the UKand in Doha over its lifetime, as Qatar will invest £1 billion ($1.26 billion) in UK climate technology which also accelerate the development in climate-friendly technologies.
According to the statement by the UK government, British engineering giant Rolls-Royce will benefit from investment in projects supporting the clean energy transition.
It will also see investment in start-ups in both countries focusing on energy efficiency, carbon management, and green power.
This comes during Qatar’s Emir Sheikh Tamim bin Hamad Al Thani’s two-day state visit to the UK.
‘We’re delivering on our promise to make growth our number one priority, by boosting our partnerships with other forward-looking partners to invest in UK industry and create thousands of highly-skilled jobs in the industries of the future,’ UK Prime Minister Keir Starmer said.
Qatar’s Prime Minister Mohammed bin Abdulrahman Al Thani termed the new initiative a ‘groundbreaking partnership,’ saying the new collaboration aligns with their long-term strategy toinvest in the economies of the future.
‘This new partnership further strengthens Qatar’s position as a leading global investor in climate technologies,’ he added.
