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Qatar Royal Family in talks to invest billions in construction projects on HS2 route
The royal family of Qatar has informed British ministers that they would like to heavily invest in projects to regenerate the areas around the hubs planned for the HS2 route, with around £2bn expected to be invested by the family following a visit to the UK last month by Qatar’s emir.
The announcement that both side are keen to get a deal together is further and above their existing agreements to invest up to £10bn into the UK’s infrastructure with potential projects including energy plants, transport schemes and even the proposed “super sewer” for London.
It’s envisaged that the sovereign wealth fund of Qatar would work hand in hand with the proposed new company Regeno which will be tasked with buying up chunks of land around the route’s new stations ready for regeneration.
Although HS2 will likely be dominated by larger contractors, the sheer scale of the ambition for the project will undoubtedly see all players in the construction industry being able to share a piece of the pie if they’re interested in the project both frm official projects through to projects only loosely associated.