Thursday, 19 September 2019 08:57 GMT

Qatar in talks to fund UK high-speed rail project

(MENAFN) Qatar said that it is interested in making investments, worth billions of dollars, in infrastructure around the north of England, including the new HS2 high-speed rail line, which will link London to Birmingham, then Leeds and Manchester, Arabian Business reported

The English government, which is expected to finance the high speed train line, said that it is looking for external investors to fund the infrastructure around the terminals and stations and that it has met with several potential foreign investors regarding the project, including the Saudi Arabian Monetary Agency and the Abu Dhabi Investment Authority.

Qatar already made huge investments in England including London's tallest building, the Shard, which was funded by the Qatari royal family and the upmarket Harrods department store, which is now owned by sovereign wealth fund Qatar Investment Authority.

"The Prime Minister of England 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," a statement said, which was issued after Qatar's Emir's latest visit to England.

Qatar in talks to fund UK high-speed rail project

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