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GCC main runner for British investment after Brexit

Image of leave the EU propaganda during the Brexit referendum in London, UK [Diamond geezer/Flickr]
Image of leave the EU propaganda during the Brexit referendum in London, UK [Diamond geezer/Flickr]

The GCC countries have been strongly nominated to become one of Britain's main investment destinations after it leaves the European Union.

Economists told the Anadolu agency that the British government and institutions are interested in expanding investments in the Gulf region especially in light of the attractive investment opportunities in the region and the availability of the consumer market for British products.

Gulf states offer important investment opportunities for Britain in several areas including energy, education, infrastructure and healthcare.

Read: Gulf Arab states push for UK free trade deal after Brexit

The British government has recently identified investment opportunities in 15 sectors in GCC countries estimated at £30 billion ($37.6 billion) over the next five years.

The GCC is a strategic trade ally for Britain, therefore the Brexit is a good opportunity to strengthen economic partnership between the two sides, especially in light of Britain's serious desire to strengthen that partnership

said Taha Abdul Ghani, an economist.

The British-Qatari Trade and Investment Forum kicked off two weeks ago with the aim of strengthening trade and investment ties between Qatar and the UK. Qatar has pledged to invest £5 billion ($6.3 billion) in Britain.

Abdul Ghani pointed out that in return there will be an effort to create investment opportunities for GCC countries in the UK.

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EUEurope & RussiaGCCInternational OrganisationsMiddle EastNewsQatarUK
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