I wonder how many people know our owners brother committed to giving the UK government 10billion over a number of years a few years back? ..our Chairman is also the managing director of this UAE Group
The UK Office for Investment (OfI) and Abu Dhabi’s Mubadala Investment Company, today signed an agreement at Downing Street to significantly expand the UAE-UK Sovereign Investment Partnership (UAE-UK SIP)
Over the next five years, the UAE-UK SIP will drive a significant increase in investment across a further three sectors: technology, infrastructure, and energy transition, as well as build on the existing programme of life sciences investment.
As part of today’s agreement the UAE has committed £10 billion via the UAE-UK SIP, overseen by the OfI and Mubadala, one of the world’s leading sovereign investors. This builds on Mubadala’s £800 million commitment and the UK Government’s £200 million to UK life sciences when the partnership was established in March.
From today, the UAE-UK SIP will become the central investment platform under the new Partnership for the Future bilateral framework, which was also agreed today at a meeting between UK Prime Minister Boris Johnson and HH Sheikh Mohamed bin Zayed al Nahyan.
Khaldoon Al Mubarak, Mubadala Managing Director and Group CEO commented:
UK Minister for Investment, Gerry Grimstone: