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PRIVACY
Economic Development

Qatari cash linked to HS2 scheme

Oli-rich state has Birmingham in its sights with Royal Family of Qatar said to be planning a massive investment in city Curzon Street HS2 station

The redevelopment of Curzon Street Station is one of the key projects for HS2

Oil-rich Qatar has Birmingham in its sights - with the fabulously wealthy Gulf State targeting the city's controversial

The Royal Family of Qatar is said to be planning a massive investment in Birmingham's as part of a multi-billion pound º£½ÇÊÓÆµ regeneration programme.

The Emir of Qatar visited the º£½ÇÊÓÆµ last month and reportedly told the Prime Minister the Gulf state was particularly interested in

Curzon Street would become one of the largest new stations in Britain for over a century and includes a plan to build 2,000 homes and 6.4m sq ft of office space in the area.

The Emir is said to have told Mr Cameron of his desire to invest in º£½ÇÊÓÆµ projects related to the £50 billion high-speed rail scheme, with Birmingham firmly on Qatar's radar.

The potential for Middle East wealth to flow into the West Midlands was welcomed by business leaders as the clock ticks down to the proposed launch of building of the first phase of HS2 in 2017.

Jerry Blackett, chief executive of Greater Birmingham Chambers of Commerce, said: "We should celebrate that any major development in Birmingham attracts global interest so it is no surprise that Curzon Street is attracting widespread attention.

"It was always the case that HS2 would need to be backed by private investment."