Chinese networking firm Huawei has reaffirmed its long-term commitment to the UK with the opening of a new headquarters in Green Park, Reading.
The launch follows the company's announcement in September 2012 that it would make investments of £650 million and spend a further £650 million on procurement in the UK over the next five years.
Huawei said the new 140,000 sq ft office complex will house its main UK operation and will help meet the future needs of the company’s growing workforce.
Speaking at the opening of the new headquarters today, Employment Minister Mark Hoban said described this as “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,” he added.
Cathy Meng, executive director of the board and Chief Financial Officer at Huawei Technologies said that the move marks the beginning of an exciting new period of development for Huawei UK.
“The UK is an innovation hub and is already playing a key role in the global digital economy,” she said.
“We are greatly encouraged by the British government’s positive approach towards overseas investment and we are on-track to fulfil our long-term commitment to the UK.”
Last month, Mayor of London Boris Johnson unveiled a £1 billion project to turn the capital’s docklands into a Chinese business district, creating 20,000 jobs and strengthening UK ties with one of the world’s largest economies.
The 35-acre site at Royal Albert Docks will be transformed by ABP China Holding Group into a “gateway” for Asian businesses seeking to establish headquarters in Europe, according to the Greater London Authority.