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Mohammed bin Saeed discusses economic partnership with British Minister of Commerce

Sheikh Mohammed bin Saeed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander of the United Arab Emirates Armed Forces, met with British International Trade Minister Ann-Mary Trevlion on Friday.

The meeting came on the heels of Sheikh Mohammed bin Saeed Al Nahyan’s official visit to the United Kingdom.

During the meeting, Sheikh Mohammed bin Saeed Al Nahyan and Ministers discussed strengthening cooperation in investment and trade relations between the United Arab Emirates and the United Kingdom and the diversification of new and ambitious economic agreements and their components within the framework of bilateral partnerships.

Sheikh Mohammed bin Saeed Al Nahyan also met with Minister of State Alok Sharma, President of the Twenty-sixth Conference of the “COP 26” Parties in the United Kingdom, and the two sides reviewed joint cooperation in the fields of environment and climate change. , Clean energy and other aspects of common interest.

The meeting also touched on the Climate Summit to be hosted by the United Kingdom in November, and the United Nations Climate Summit to discuss the issue of climate change, to find a common vision and common ground for collective cooperation, and to implement concrete solutions to tackle the common global challenge of climate change. And work to minimize its effects and create a more sustainable future for future generations.

On Thursday, the United Arab Emirates announced it would invest billions of dollars in Britain’s technology, infrastructure and renewable energy sectors.

Sheikh Mohammed bin Saeed Al Nahyan and British Prime Minister Boris Johnson have signed a joint venture agreement with the ட 10 billion Mubadala Investment Company and the United Kingdom’s Department of International Trade for Sovereign Investment.

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The agreement was signed at the headquarters of the British Prime Minister by the Chairman, Managing Director and CEO of the Commission on Administrative Affairs, Kaltoon Khalifa Al Mubarak, and the Minister of Investment of the Ministry of International Trade, Lord Jerry Grimston. Expand the scope of the Sovereign Investment Partnership between the two countries, announced in March 2021.

Under the agreement, the United Arab Emirates will invest 10 10 billion in a “sovereign investment partnership” between the two countries.

The United Arab Emirates (UAE) has pledged to invest 10 10 billion ($ 13.8 billion) over the next five years, according to a report released by Mubadala.

Emirati has confirmed that the Sovereign Investment Partnership between the two countries will focus on making major investments in three new areas “over the next five years”: technology, infrastructure and renewable energy. Life science. “

This is in addition to Mubadala’s announcement in March that he would set aside an additional மில்லியன் 200 million from the United Kingdom to finance investments in the field of lifelong science.

Emirates Group CEO Kaltoon Khalifa Al Mubarak was quoted as saying, “The expansion of the sovereign investment partnership between the two countries will contribute to the advancement of financial and innovation processes in a number of key sectors. Pillars of economic development for both countries.”