Japan intends to invest 18 billion pounds in the British economy

According to the office of British Prime Minister Rishi Sunak, Japanese companies intend to invest about 18 billion pounds in the United Kingdom, mainly in renewable energy projects.

Sunak noted that Japanese business investments will support growth in key sectors of the economy, contributing to the development of technological innovations and creating highly qualified jobs.

In particular, Marubeni Corp. and its partners will invest 10 billion pounds over the next decade in projects for the production of environmentally friendly hydrogen in Wales and Scotland, as well as in an offshore wind farm in Scotland.

Another Japanese corporation, Sumitomo Corp., intends to expand British offshore energy projects, planning investments totaling 4 billion pounds.

In addition, Sumitomo Electric plans to build a plant for the production of high-voltage cables in Scotland, and Toshiba intends to expand its research laboratory in Cambridge.

Mitsubishi Estate and Mitsui Fudosan, the two largest real estate companies in Japan, are investing 3.5 billion pounds in the construction of affordable housing and office space.

British companies also intend to increase their investments in the Asia-Pacific region by 2027. For example, the energy company Octopus Energy is investing 1.5 billion pounds to develop its divisions in the region and expand its technology center in Tokyo.