Qatar has agreed to invest £5bn into the UK economy over the next five years

Mark Sands
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The UK voted to leave the European Union on 23 June. (Source: Getty)

Qatar is to invest a total of £5bn into the British economy by 2022, the Middle Eastern state's finance minister has declared.

The new cash is expected to be directed towards infrastructure, energy, technology and real estate projects.

Finance minister Ali Sherif al-Emadi announced the cash injection at the Qatar-UK business investment forum earlier today.

Qatar already owns Harrods and 95 per cent of The Shard.

Read More: Qatari bank reluctant to part with stake in Panmure Gordon

It comes after repeated efforts from Prime Minister Theresa May's government to build ties with the Middle Eastern state.

Speaking at the launch of the investment forum, international trade secretary Liam Fox noted that six ministerial visits have been made to the country since the Brexit vote last summer.

Qatar is the UK's third largest export market in the Middle East, and will now account for roughly £40bn of investment into the UK.

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