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  • 21-12-21

    Qatar to make investment worth of USD112M in Rolls-Royce scheme

    (MENAFN) Rolls-Royce Holdings has signed a deal under which Qatar is going to make an investment in the British corporation’s small modular reactor scheme.

    As reported by a news agency, the firm already inked an agreement with Qatar to invest billions in environment-friendly engineering schemes. This recent move is going to see Rolls-Royce give away some of its share in the SMR scheme, as Qatar Investment Authority (QIA) occupies a 10 percent equity stake.

    According to the firm’s statement, Qatar is going to invest 85 million pounds (USD112 million) in Rolls-Royce SMR Limited, the distinct entity established for the scheme. The Rolls-Royce SMR business is now completely financed.

    Based on Chief Executive Officer of QIA, Mansoor bin Ebrahim Al-Mahmoud, "QIA is investing in the energy transition and funding the technologies that enable low carbon electricity generation. We will continue to seek out investments that align with our mandate to deliver long-term value for future generations through responsible sustainable investments."

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