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The United Arab Emirates is investing $ 12 billion in the United Kingdom

The United Arab Emirates is investing $ 12 billion in the United Kingdom

This amount completes the investment partnership between the two countries, which began in March, with an initial commitment of 800,800 million (8,928 million) from Mubadala and 200,200 million (4.234 million) from the United Kingdom.

“The UAE is investing $ 10 billion (approximately $ 11.7 billion),” Mubadala said in a statement, adding that as before, the commitment was for five years.

Technology, infrastructure, science and renewable energy are key sectors that will support the economic growth of the two countries, the report said.

Mupadala is one of the largest sovereign wealth funds in the world investing in various sectors around the world. In France, it invested in Lac d’Argent funds to support the capital of large corporations.

The announcement coincides with the visit of Prince Sheikh Mohammed bin Saeed Al Nahyan to London from Abu Dhabi, the capital of the United Arab Emirates. The future “.

Johnson said in a statement: “As a leading global power in science and technology, it is at the heart of the government’s strategy to make comprehensive investments, support the whole UK and create more valuable jobs.

Additional investments include a 500 500,500 million (58 585 million) investment as part of Citi Fiber’s capital increase and the installation of fiber to provide fast internet to eight million homes and create 10,000 jobs.

Next month, the UK will host the World Investment Summit in London, where large investors will come together to support Britain’s plan for a green industrial revolution and promote the development of clean technologies.

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This amount completes the investment partnership between the two countries starting in March with a commitment of 800 800 million (8 928 million) from Mubadala and 200 200 million (4 234 million) from the United Kingdom.

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“The UAE is investing 10 10 billion (approximately 7 11.7 billion),” Mubadala said in a statement, adding that the commitment, as before, was five years.

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The technology, infrastructure, science and renewable energy sectors are “considered to be the key sectors that will form the basis of the economic development of both countries,” the report said.

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Mubatala is one of the largest sovereign wealth funds in the world, investing in various sectors around the world. In France, it invested in Lac d’Argent funds to support the capital of large corporations.

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The announcement coincides with the London visit of Prince Sheikh Mohammed bin Saeed Al Nahyan to Abu Dhabi, the capital of the United Arab Emirates. The future “.

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In a statement, Johnson said, “As a leading global power in science and technology, it is at the heart of the government’s strategy to drive full investment and sustain the entire UK and create more valuable jobs.

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Additional investments include a $ 500 million (u20ac 585 million) investment as part of Citi Fiber’s capital increase, fiber fitting to bring fast internet to eight million homes and creating 10,000 jobs.

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Next month, the UK will host the World Investment Summit in London, bringing together large investors to support the UK plan for the Green Industrial Revolution and promote the development of clean technologies.

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