The Chinese manufacturer has said it will invest £1.3 billion into the UK economy over the next five years
Chinese smartphone manufacturer Huawei was joined by UK employment minister Mark Hoban at the opening of its new Reading-based headquarters today (June 11).
The 140,000 sq ft office complex in Green Park, Reading, will be Huawei’s main UK operation and, the company said, affirms its commitment to invest £1.3 billion into the UK economy over the next five years.
The investment will include £650 million on procurement in the UK.
Employment minister Mark Hoban said: “This is a significant investment in the UK, which shows that we are open for business. This Government is committed to doing all that we can to help people achieve their aspiration of looking after themselves and their families, and this investment will bring a welcome jobs boost for the region.”
Huawei Technologies executive director of the board and chief financial officer Cathy Meng said: “The UK is an innovation hub and is already playing a key role in the global digital economy. Huawei is grateful to all of our customers and partners, as well as the British Government, for their continued trust and support.”