Qatar has unveiled plans to invest £1 billion in climate technology in the United Kingdom, marking a significant commitment to green innovation. The announcement was made during a two-day state visit by Emir Sheikh Tamim bin Hamad Al Thani to Britain, where he is set to meet Prime Minister Keir Starmer.
The investment will foster climate technology hubs in both Qatar and the UK, aiming to accelerate the development of sustainable solutions. Engineering giant Rolls-Royce will be a major recipient, using the funds to support energy efficiency initiatives, develop sustainable fuels, and reduce carbon emissions. Startups specializing in energy efficiency, carbon management, and green power will also benefit.
Rolls-Royce CEO Tufan Erginbilgiç emphasized the importance of Qatar's involvement, stating, “Enabling the energy transition through lower carbon technologies is a key part of our strategy. We are delighted to welcome Qatar as a strategic partner that will support the growth of these technologies.”
The British government highlighted that the initiative is expected to create thousands of jobs while contributing to the country's climate goals. Prime Minister Starmer, elected in July on a platform of economic revitalization, sees Qatar’s investment as a pivotal step in funding infrastructure and energy transition projects.
Qatar already holds significant investments in the UK through the Qatar Investment Authority (QIA), which owns the Canary Wharf business district and stakes in major entities such as Barclays and Heathrow Airport. This latest investment builds on the Gulf state's established presence in the UK, reflecting deepening bilateral ties.
The collaboration aligns with Britain's strategy to engage with wealthy Gulf states for economic and security benefits. Starmer’s government views the partnership as an opportunity to deliver "tangible benefits" amid its broader ambitions for economic growth and energy development.
