Business
Qatar Takes 10% Stake in Rolls-Royce’s Low-Carbon Nuclear Business
Published by maria gbaf
Posted on December 21, 2021
1 min readLast updated: January 28, 2026
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Published by maria gbaf
Posted on December 21, 2021
1 min readLast updated: January 28, 2026
Add as preferred source on GoogleQatar invests £85M in Rolls-Royce's nuclear business, securing a 10% stake. This move highlights UK's leadership in nuclear innovation.
(Reuters) – Rolls-Royce said on Monday Qatar’s sovereign wealth fund would invest 85 million pounds ($112.12 million) in the British company’s new low-carbon nuclear power business in exchange for a 10% equity stake.
The London-listed firm has agreed with the Qatar Investment Authority for the funding in its Small Modular Reactors business, which Rolls-Royce said was now fully funded having secured 490 million pounds through commercial equities and grants.
“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.
Qatar and Rolls-Royce said last month that they would team up in a multi-billion pound project to develop and invest in green technology start-ups in the UK and the Gulf Arab state.
($1 = 0.7581 pounds)
(Reporting by Muhammed Husain in Bengaluru; Editing by Anil D’Silva)
The main topic is Qatar's investment in Rolls-Royce's low-carbon nuclear business, securing a 10% stake.
The investment fully funds Rolls-Royce's Small Modular Reactors business and underscores UK's leadership in nuclear innovation.
They plan to develop and invest in green technology start-ups in the UK and the Gulf region.
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