UK minister praises Qatar as a leader in directing investments

UK Secretary of State for the Department for Business and Trade Kemi Badenoch has praised Qatar for providing an example in directing investments and bringing about effective economic development.

In an interview with the Qatar News Agency during the country’s Economic Forum 2023, Badenoch said that her visit to Qatar was to support the negotiation process with the countries of the Gulf Cooperation Council to sign a free trade agreement with the UK.

She explained that a deal between the two sides would aim at investment in environmentally beneficial and climate-friendly goods and services.

Badenoch said: “Exports of UK wind turbine parts currently face tariffs of up to 15 percent. An agreement with the GCC would create opportunities for other parts of the UK’s green technology industries including solar power, hydrogen power, electric vehicles and smart energy systems.”

Badenoch praised Qatar’s hosting of the World Cup in 2022 and reflected on what the region can provide to the global economy and growth.

She said that the forum, which is in its third edition, had brought together global leaders in the fields of business, investment, and finance dedicated to discussing challenges, exchanging perspectives, and celebrating achievements.

She added that one of the UK’s priorities was to increase sustainable energy supplies, emphasizing the importance of continuing cooperation with Qatar on this front.