Qatar’s sovereign wealth fund has acquired 10 per cent of Rolls-Royce’s low-carbon nuclear business that has lured 490 million pounds.
The Gulf country in exchange will inject 85 million pounds ($112.12 million) in project, Zawya reports.
“This investment is a clear vote of confidence in the UK’s global leadership in nuclear innovation,” British Business Secretary Kwasi Kwarteng said in a statement.
The new investment comes following an announcement by both partners last month they would team up in a multi-billion pound project to develop and invest in green technology start-ups.
Qatar acquires 10 per cent stake in Rolls-Royce’s low-carbon nuclear power business
