Economy and Trade Relations
The UAE and UK are committed partners on all fronts, with a long-standing friendship and shared history linking our countries and peoples. Guided by an ongoing commitment to developing a UK-UAE partnership for the future, economic exchange represents an important area through which our two countries are expanding our relations to new horizons.
The UAE-UK trade relationship is experiencing continuous development in various fields, including investment, trade, health, energy, education, space, tourism, food security, and technology. Through bilateral platforms such as the UK-UAE Business Council, the Joint Taskforce, and the Joint Economic Committee, the UAE and UK identify and leverage joint opportunities for economic growth.
Over 5,000 UK businesses operate in the UAE. In 2019, new rules were introduced allowing 100 percent foreign ownership in several sectors including technology, outer space, renewable energy, and artificial intelligence. The UK is the UAE’s largest source of Foreign Direct Investment, meaning this new regulation will benefit both Britain and the UAE.
Recent trade and investment highlights include:
Mubadala and the UK’s Department for International Trade jointly agreed to invest £1bn in UK life sciences. This agreement has now been expanded to a 5 year £10 billion investment partnership as part of an ambitious new ‘Partnership for the Future’ agreed between the two countries.
A donation by HH Sheikha Fatima bint Mubarak helped fund the construction of the Zayed Centre for Research into Rare Disease in Children at London’s Great Ormond Street hospital. (2019)
DIA purchased a 15% stake in Gatwick Airport. (2010)
Masdar bought 20% of the London Array, the world's largest offshore wind farm development. (2008)
Abu Dhabi National Exhibitions Company acquired conference and exhibition centre ExCel London. (2008)