DOHA: The Lord Mayor of the City of London, Alderman Alan Yarrow, will be visiting Qatar today to help improve the financial and professional services ties between Qatar and the UK. The visit will aim to boost the bilateral trade and investment between the two countries which stands at £5bn per year. Currently, the UK is the fourth largest exporter to Qatar.
Acting as ambassador for the UK’s financial and professional services, Yarrow will meet with the Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, other senior members of the government, investment authorities and senior business leaders.
The Lord Mayor will be joined by a wide ranging business delegation from the UK which includes senior representatives from banks, asset managers, insurers and legal services firms. The Lord Mayor will also launch the establishment of the new British Chamber of Commerce in Doha housed at the headquarters of HSBC.
Speaking ahead of his trip, Lord Mayor Yarrow said: “Qatar is rapidly progressing with a visionary economic reform plan. With the World Cup being hosted in 2022, combined with proposals for ambitious infrastructure developments, the nation has maintained its status as one of the globe’s fastest growing economies.”
“My visit, accompanied by a strong business delegation, goes to show just how committed the UK is in remaining the Qatar’s partner of choice in the financial and professional services sector. With a trade relationship worth £5 bn each year, we are more than ever wanting to build on this and support Qatar in their grand economic plans.”
The visit to Qatar forms part of a wider 12-day visit to the Gulf from January 16.
The Peninsula
