In recent years, an increasing number of wealthy Gulf sovereign wealth funds and state-owned companies, have been purchasing iconic buildings across London and investing millions of dollars in key infrastructure projects, such as DP World’s port project that will revitalize the city’s shipping industry. At the moment, investors in Qatar own (or have a sizable stake in) The Shard, Harrod’s department store, Chelsea Barracks, One Hyde Park, the Olympic Village as well as the building housing the American Embassy in London. Furthermore, Abu Dhabi owns numerous venues within the Olympic Village and has built a clean energy facility that generates electricity for approximately 20 percent of London’s households.
“When you look at the opportunities in London, there are 18 huge opportunity areas … ripe for development; believe me there’s plenty of room for investors, not just from the Middle East but from around the world.”- Mayor of London.
The Mayor of London, who is hoping to encourage even more investment from the region, recently revealed that London is interested in linking DP World’s port to a (yet-to-be-announced) new airport and that the City has already entered into discussions with organizations to facilitate the project; including Abu Dhabi-owned developer Mubadala and the Abu Dhabi Investment Authority. Motivated by the need to accommodate future growth and development, London’s population is estimated to grow by another 1 million people by 2021 and that is expected to put huge pressure on the housing market and transport infrastructure. This means that encouraging investor confidence and introducing new investment opportunities in the region is not only extremely important to rebuilding the economy, but also to sustaining growth over the next decade; as well.
A proposal has been formally submitted to the UK government’s Airports Commission for a new four runway airport hub on the Isle of Grain in the UK’s Thames Estuary.
London Gateway Port development or London Thames Global Airport & Cruise Liner Terminal development?
ReplyDeleteLTGlobal...an EXCELLENT alternative investment opportunity for DPWorld
# London Gateway Port loss, EASILY absorbed locally with infrastructure investment at traditional UK ports.... Thamesport, Sheerness Port and Harwich Port...
LTGlobal, to be considered as part of the UK Airports Commission.