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UAE to invest 10bln pounds in post-Brexit Britain
September 17, 2021

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The United Arab Emirates will invest 10 billion pounds in post-Brexit Britain, targeting infrastructure, clean energy and technology as the Gulf state seeks to strengthen trade ties beyond the Middle East.

The understanding came during the visit of UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan to London.

The UAE Crown Prince said his country is also seeking comprehensive economic agreements with countries showing high potential for growth, including the U.K, as well as countries mainly in Asia and Africa.

Meanwhile, according to a joint statement issued after the talks, the leaders of the two countries agreed to establish a new, ambitious 'Partnership for the Future' to strengthen the historic relations between the two countries.

The statement further said that the new partnership will build on this history, and ensure that the UAE and UK are able to work closely together to promote prosperity and security, tackle climate change, and expand the exchange of knowledge, skills and ideas.