Huawei confirms £1.2bn investment in UK arm of business

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Chinese manufacturer announces intent to increase UK workforce to 1,500 by 2017

Huawei CEO Ren Zhengfei has announced a £1.2bn investment in the UK over the next five years following a meeting with prime minister David Cameron.

The manufacturer has also confirmed reports earlier today claiming it is set to increase its workforce by 700 by 2017, taking its total number of employees in the UK to 1,500.

“The UK is one of the most important European markets in which Huawei has invested,” Zhengfei said following the announcement. “It is an open market, which welcomes overseas investment, I am therefore very pleased today, to be announcing the investment and procurement plan, promoting the development of openness and free trade.”

‘‘The UK is a centre of innovation, has a highly skilled workforce, and is respected internationally for the quality of its legal and educational systems. It is for these reasons we have selected the UK as the location for a number of our centres of excellence. I would like to thank our UK customers and partners, as well as the British Government, for their continued support.”

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