Chinese telecommunication company Huawei Technologies has assured the British government that it would go ahead with its planned £1.3 billion ($1.73 billion) investment in the UK, despite the economic uncertainty caused by the country's decision to leave the European Union (EU).            

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The announcement was made by Sajid Javid, the UK's Secretary of State for Business, Innovation, and Skills in London on Tuesday, as he reassured the public that investor's confidence in Britain's economy is still very strong.      

"Huawei has today confirmed to government that its planned £1.3 billion ($1.73 billion) investment in the UK will go ahead," Javid said in a statement. "The referendum will make no difference to that commitment."  

Huawei also confirmed the decision to stick to its UK investment on Wednesday. "Our founder Ren Zhengfei announced that investment commitment in September 2012 , after meeting with [British prime minister] David Cameron," the company's spokesman Roland Sladek said.       

Huawei's $1.73 billion investment plan was announced in 2012, with 50 percent in direct investment and remaining in five year procurement from 2012 to 2017.

The Shenzhen-based telecom company opened its first office in Britain in 2001, and since then it has expanded across 15 more cities. Huawei counts itself as one of the strong players in the British telecom market, claiming that it has been the telecommunications equipment supplier to British Telecom and Vodafone for more than a decade.    

Meanwhile, several other prominent companies have reportedly put on hold their investment plan in UK amid the Brexit crisis. Richard Branson's Virgin Group is said to have called off a major acquisition deal to acquire a UK company employing 3,000 workers.       

Many big infrastructure projects, including a runway project at Heathrow airport and Hinkley Point nuclear power station project have also come under scrutiny following the referendum last week.

TagsHuawei, china, brexit, China and UK, Huawei Technologies