UK Trade & Investment (UKTI) has widened its remit to include support for commercial investors from the UAE. Traditionally focusing on supporting British companies entering the UAE market, this new initiative enables UKTI to showcase the best the UK has to offer in terms of investment opportunities as well.
In order to benefit from existing market expertise in the UAE investor market, UKTI has brought PwC on board as investment delivery partners across the Gulf. PwC will provide advisors working wholly on behalf of UK government for the period of the contract. This reflects UKTI’s appetite to find investors who are ready to explore opportunities across a range of sectors from the latest in Innovation and Green Technology to setting up European Headquarters and traditional FDI.
Government commitments from both the UK and the UAE to increase bilateral trade to £12bn by 2015, and the launch of the new incubators within the British Business Centres in the UAE show that commercial ties between the two countries are flourishing. It is clear that businesses from both the UK and the UAE are keen to explore opportunities in each other’s markets. The new team of Investment Advisors builds on the strength of these ties to deliver value to both countries.
Edward Hobart, HM Consul General at the British Embassy in Dubai said: “The UK is seen as an excellent place for real estate investment. What we want to do is widen the scope of opportunity to show that the UK is also at the cutting edge of technology, research and innovation. With the Investment team in place, these opportunities will come to the fore and investors from the UAE will be able select from a wide offering the investments which best fit their businesses.”