The UK-UAE partnership is flying now. Yes, UAE to invest $13bn in the UK. Wow, that’s some news for people of the UK and even UAE.
The UAE-UK SIP is the central investment platform under the current Partnership for the Future mutual framework. UAE to invest $13bn in the UK. Things were finalized by UK Prime Minister Boris Johnson and Sheikh Mohamed bin Zayed al Nahyan.
Invest in the UK by UAE:
The UAE to invest £13 billion in the UK under a new agreement. The UK Office for Investment & Abu Dhabi’s Mubadala Investment Company confirmed the contract. The UAE-UK Sovereign Investment Partnership (UAE-UK SIP).
Next five years projects in the UK:
The UAE-UK SIP will invest in three sectors. These three sectors are – technology, infrastructure, and energy development. Plan is to build on the existing plan of life sciences investment.
UAE Committed to investing Whopping $10bn:
The UAE has invested £10 billion via the UAE-UK SIP. It is managed by the OfI and Mubadala, one of the world’s driving sovereign investors.
Today’s expansion of our Sovereign Investment Partnership will quicken funding and reform in key sectors that are foundational to the industrial growth of both countries. We are already beginning ambitious energy transformation, technology and infrastructure investment plans that create new jobs and strengthen business ties between our nations.”
Gerry Grimstone, the UK Minister for Investment:
Exciting investment has become globally aggressive, and there’s never been a better time to take part and invest in the UK. “This Partnership has gone from strength to strength, and its development is proof of its effectiveness and what we can accomplish with significant trade and investment partners like the UAE through investment.
UK and UAE Business ties:
The UK and the UAE share an essential trade and investment bond, with total trade of £18.6 billion in 2019 and a two-way investment of £13.4 billion in the same year.