QIIB Discusses Potential Investment Opportunities with Cardiff Delegation

Doha, September 11 (QNA) - Qatar International Islamic Bank (QIIB) discussed potential investment opportunities with a visiting delegation from the Cardiff Council, which is County Council of the City and County of Cardiff, the capital of Wales in the UK, headed by councilor Huw Thomas. During the meeting, the delegation made a presentation on Cardiff, the attractive opportunities the Welsh city provides investors, and the incentives being provided by Cardiff to companies and institutions to work and invest in the city, especially after Britain's proposed exit (Brexit) from the European Union. The delegation highlighted that Cardiff has a multi-million pounds portfolio of major projects in the pipeline. This is on top of the new business district in the city to the north and the south of Cardiff Central station. QIIB's CEO Dr Abdulbasit Ahmad Al Shaibei said: "Cardiff is one of the most promising cities in Britain. First, is its proximity to London, and second, there are many companies that are moving to Cardiff, where there is a well-connected and good international airport. The prices are acceptable, and Cardiffs population and economy are growing steadily." "We have noticed that a lot of financial institutions are moving to Cardiff, and new graduates prefer to work in the city to make use of the good opportunities as well as to enjoy a good standard of living. In addition, the infrastructure in the city is strong and there are many development projects, especially in relation to the train network," he said. "We hope that an economic forum will be organised in Cardiff to introduce Qatari investors and businessmen to the opportunities available in the city," Dr Al Shaibei added. On his part, Cardiff Council leader Councillor Huw Thomas said, "We are a delegation from Cardiff, the capital city of Wales (Cardiff Council) in the UK to promote investment opportunities in that city. "I am committed and excited about the deepening of opportunities between Cardiff and Doha and I looked forward to building on the fantastic meetings we have just been having." On the discussions he had at the QIIB and his expectations and hopes about the visit, Councillor Thomas said, "This is the first visit - the first of many visits, I hope. We discussed a number of possible investment projects that QIIB might be interested in getting behind. And we will be exchanging some information about those projects." Councillor Thomas said he has invited the top officials of the QIIB to visit Cardiff. "I looked forward to welcoming QIIB's top team and indeed people from all over Qatar to Cardiff in the very near future." (QNA)