2 minutes read

UK’s friend

The Shard, Europe’s tallest building, has been in London for 10 years now.

Rising over 1,000 feet in the air near the River Thames in Southwark, it stands out as one of London’s most prominent structures.

Its tapered design and glass paneling have already made it one of the most well-known landmarks in the capital.

The skyscraper was inaugurated by the Prime Minister of Qatar and the Duke of York, and the festivities didn’t shy away from recognizing the relationship and investment that has been put in by both the UK and Qatar, and ended with a message of hope that “this will become a trend, and we can work to expand it in the future.”

Fast forward to 2022, and Qatar announces it has pledged to invest £10 billion into the British economy in various industries, including the technology sector and healthcare field.
Qatar’s foreign minister told the press they would invest the funds over the next five years, especially in the areas of technology, fintech, and sustainability, where there’s great potential for zero-net emissions to happen, helping the UK’s plan to cut net carbon emissions to zero by 2050.

Those are just two visible yet somehow unrelated facts, but they are tokens that in the last few years there has been a consolidating trade and investment cooperation between the two countries and that in spite of the media backlash we see surrounding Qatar’s World Cup, if we put things in perspective, Qatar is a very important trading and investment partner in the UK. Last year alone, bilateral trade between Qatar and the UK grew by 51.4 percent, and there are signs that we’ll see an increase in the volume of trade exchange, services, and investments in the following years.

Editor's pick