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The United Arab Emirates and Britain … a new step towards economic partnership

The United Arab Emirates and the United Kingdom are seeking to improve economic harmony and consolidate trade and investment ties.

On Wednesday, the United Arab Emirates-British Business Council hosted its 19th Open Session at the Mohammed Bin Rashid Airport, Emirates Pilot Training Academy in Dubai.

The session was chaired by Ahmed bin Ali Mohammed Al Sayyik, Minister of State, Head of Abu Dhabi Global Markets and Lord Odney Lister, Special Envoy of the British Prime Minister to the Gulf States, in which a new strategy was coordinated between the two countries.

The event marked the future partnership between the two countries, three weeks after Sheikh Mohammed bin Saeed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Commander-in-Chief of the Armed Forces, visited the British capital, London. , Aimed at strengthening bilateral economic relations in the fields of education. Technology, health, life sciences and renewable energy.

The Sovereign Investment Partnership between Mubadala and the British Investment Office has made 9 9 billion to invest in technology, infrastructure and clean and renewable energy, in addition to the $ 1 billion promised earlier this year.

The Business Council discussed how to strategically organize priorities, events and campaigns in line with the content of these agreements, and agreed to reorganize the working groups and launch a new strategy to enhance the Council’s support for these priorities.

He stressed that the meeting represents a unique opportunity for trade and investment cooperation relations between the United Arab Emirates and the United Kingdom. The future.

For his part, Lister said the environment that supports creativity, technology and investment supports the momentum of future trade partnership between the two allies, which will ensure the co-ordination of cooperation between the UAE-UK Business Council partnership. The future.

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Mansour Abdullah Kalban Belhole, United Arab Emirates’ ambassador to the United Kingdom, explained that the United Arab Emirates and Britain enjoy a “continuing growing historical partnership relationship”.

He pointed out that the Sovereign Investment Partnership is a partnership for the future and will contribute to enriching the deep friendship between the two countries through smart investment in many fields such as education and culture such as clean energy and life sciences.

Bellhole praised the Council’s role in enhancing the capabilities of companies in the United Arab Emirates and the United Kingdom to benefit from these bilateral developments.

For his part, the partnership was initiated by Patrick Moody, the British Ambassador to the United Arab Emirates, Sheikh Mohammed bin Saeed Al Nahyan, Crown Prince of Abu Dhabi, and Boris Johnson, Deputy Commander-in-Chief of the United Arab Emirates Armed Forces and British Prime Minister. Last month was a historic contribution to the future between the two countries. Two friends.

He stressed that the relationship of trade cooperation between the two countries reflects the basis of bilateral relations as there are more than five thousand British companies operating in the United Arab Emirates with the support of the governments of the two countries.

Simon Benny, the UK’s ambassador general in Dubai and trade commissioner for the Middle East, said the open session of the UAE – UK Business Council was scheduled just a week before the meeting of the Joint Economic Commission. Two governments and partners over the past year.

He added that during the visit of His Excellency Sheikh Mohammed bin Saeed Al Nahyan, the agreement confirms the strengthening of the sovereign investment partnership between the United Kingdom and the United Arab Emirates. Shows the trade and investment relations between the sectors and the two countries.

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This year, the United Arab Emirates-British Business Council celebrates its tenth anniversary and seeks to strengthen its reputation as an organization that represents the interests of companies in both markets and the interests of trade between the two governments.