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  • 27-11-22

    Report: Qatar restudies investing in London following decision of advert ban

    (MENAFN) Qatar is studying its London investments after a verdict by the town’s transport authority to prohibit Qatari ads from its bus, taxi, train as well as underground network, as reported by the Financial Times.

    Transport for London’s verdict is allegedly because of worries around the World Cup host’s human rights record.

    A person involved with the study informed the FT that the Gulf nation that is “reviewing current and future” London investments and “considering investment opportunities in other UK cities.”

    The source also mentioned that the ban has been “interpreted as a message that Qatari business is not welcome in London.”

    Via its sovereign wealth fund, Qatar is currently one of the largest financiers in London, and possesses around 2.1 million sq. meters of assets in the United Kingdom.

    Between its London property are the Harrods department store; Britain’s tallest building, The Shard, constructed with £2 billion (USD2.4 billion) of Qatari funds; the Savoy and Grosvenor House hotels; co-owning Canary Wharf; as well as a 20 percent share in Heathrow Airport.

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