Qatar to fund $4b UK green research hub
Monday, 11 September 2023
LONDON, Sept 10 (Arab News): Qatar is set to announce a $4 billion investment in UK green energy development through the establishment of a research hub, the Sunday Times reported.
The nonprofit Qatar Foundation is providing the funding, with Rolls-Royce supplying technical knowledge as part of the deal.
Global management consultancy McKinsey is also involved in planning the project, which Qatar has committed to funding for 20 years.
The deal aims to encourage UK startups to remain in the country through $1.5 billion of seed funding, as well as create a "base" around London, Cambridge and Oxford to entice international talent.