The UK-UAE Business Council met yesterday in Dubai, bringing together business leaders to drive commercial ties between the two countries.
UK companies are exploring opportunities to participate in the UAE鈥檚 拢1.4 trillion of construction and infrastructure development programme and the development of its healthcare sector which will be worth 拢7.4bn by 2015. The UAE is also a major investor in the UK, with over 拢5bn invested in the energy, infrastructure and regeneration sectors throughout the regions.
Inaugurated one year ago in Abu Dhabi, the Business Council is co-chaired by His Excellency Nasser Ahmed Alsowaidi, chairman of the Abu Dhabi Department of Economic Development and Samir Brikho, CEO of AMEC. The UK-UAE Business Council was previously known as the UK-UAE CEO Forum.
UK minister for Trade & Investment Lord Green said: 鈥淭he UK is committed to making it quicker and easier for British businesses and Gulf states to do business together. Both countries are targeting a 60% increase in trade from 2009 levels, to reach 拢12bn by 2015. I was delighted to hear about the progress that the Business Council has made in deepening the ties between the UK and the UAE.鈥�
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