Shareholders in Britain’s biggest airport Heathrow will invest a further £650 million (Dh2.96 billion) in the hub, the airport said on Thursday.
It said Heathrow’s shareholders had progressed plans to invest the money over the course of 2019. The Heathrow chief executive John Holland-Kaye said the announcement was “great news for Heathrow passengers and for Britain.”
Heathrow delivered a record number of passengers in 2016, and Britain in February outlined plans for a third runway, which will enhance its status as Britain’s main airport. Qatar is a major shareholder in Heathrow, holding 20 per cent of the unlisted airport. This week it pledged US$6bnn of investments in Britain, ahead of Britain’s formal notice of its withdrawal from the European Union on Wednesday.
“Our investment in Heathrow is much more than just an investment in one of the world’s great airports - it’s an investment in Britain’s connections to the world,” Sheikh Abdulla Al Thani, the chief executive of Qatar Investment Authority.
* Reuters
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