The Qatar government is to step up investment in the UK by £5bn, including money for new infrastructure projects with rumours some of the cash could go towards High Speed 2 (HS2).
The UK is currently hosting a business fair which it hopes will bring in billions of pounds of investment from the Gulf nation.
Qatar already invests £35bn a year in the UK economy and is the UK’s third largest export market in the Middle East.
British trade secretary Liam Fox said he expected the potential investment to result in a number of landmark agreements which amounted to ‘significant’ levels of new investment.
This could include cash for infrastructure projects in the Northern Powerhouse and Midlands Engine.
Fox said: “The Government’s Plan for Britain will help us trade beyond Europe and make Britain a leading advocate for free trade across the world, as we build on our relationships with old friends and new allies.
“Hosting this event in Birmingham ensures the whole country benefits including the Midlands Engine, creating jobs and supporting cities, towns and communities right across the United Kingdom.”