{"id":208850,"date":"2021-09-16T20:24:51","date_gmt":"2021-09-16T20:24:51","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=208850"},"modified":"2021-09-16T20:24:51","modified_gmt":"2021-09-16T20:24:51","slug":"investments-in-britain","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/investments-in-britain\/","title":{"rendered":"UAE allocates $14bn for investments in Britain"},"content":{"rendered":"

The United Arab Emirates has allocated $14 billion in investments investments in Britain, as part of an agreement between the two countries.<\/p>\n

A statement issued by British Prime Minister Boris Johnson said that the British Investment Office and the UAE Mubadala Investment Company are expected to sign an agreement today, Thursday.<\/p>\n

The statement also stressed that the agreement would boost investments across Britain in life sciences, technology, and the shift to clean energy and infrastructure.<\/p>\n

Investments in Britain<\/h2>\n

The Financial Times, quoting a government official familiar with the talks, said that the total amount pledged by the UAE would amount to about ten billion pounds ($13.85 billion) over five years.<\/p>\n

The statement added that additional investments that may be announced include an investment of 500 million pounds ($690 million) in the British CityFibre company, with the investment being part of the company’s capital increase.<\/p>\n

In March, the Abu Dhabi government’s Mubadala Investment Company signed a deal with the United Kingdom to invest 800 million pounds in life sciences and healthcare development projects.<\/p>\n

DP World is investing \u00a3300 million in Pier 4 at the London Gateway Hub<\/a>.<\/p>\n

The deals come as Johnson hosts Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, at a bilateral meeting in Downing Street on Thursday.<\/p>\n

Economic Agreements<\/h2>\n

The UAE said this month that it was seeking comprehensive economic agreements with countries showing high potential for growth, including the United Kingdom after its exit from the European Union.<\/p>\n

Johnson’s office statement said the United Arab Emirates and the United Kingdom would also agree on a partnership to tackle illicit financial flows.<\/p>\n

In March, the Abu Dhabi government’s Mubadala Investment Company signed a deal with the United Kingdom to invest 800 million pounds ($1.107 billion) in life sciences and healthcare development projects.<\/p>\n

These deals also coincided with the visit of Abu Dhabi Crown Prince, Sheikh Mohammed bin Zayed, to London.<\/p>\n

The Crown Prince of Abu Dhabi arrived in the United Kingdom from France on an official visit, during which he will discuss bilateral relations and common issues.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Arab Emirates has allocated $14 billion in investments investments in Britain, as part of an agreement between the two countries. A statement issued by British Prime Minister Boris Johnson said that the British Investment Office and the UAE Mubadala Investment Company are expected to sign an agreement today, Thursday. 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