Trading
UAE economy minister to visit Britain seeking trade deal
Published by maria gbaf
Posted on September 20, 2021
2 min readLast updated: February 5, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on September 20, 2021
2 min readLast updated: February 5, 2026
UAE's economy minister visits the UK to discuss a trade deal and investment, aiming to strengthen economic ties and cooperation in various sectors.
DUBAI (Reuters) – The United Arab Emirates’ economy minister will lead a high-level delegation to Britain this week, the ministry said on Sunday, as the Gulf state seeks to deepen trade ties.
Abdulla Bin Touq Al Marri and the delegation will meet British ministers, officials and representatives from the private sector to discuss recently announced UAE economic policies.
One of those policies includes the UAE seeking to seal what it calls a comprehensive economic agreement covering trade and foreign investment with Britain and seven other countries.
The delegation would also discuss ways to develop economic ties and strengthen cooperation in trade, investment, healthcare and energy, among other sectors, the ministry said.
The UAE last week announced it had expanded an investment partnership with the British government, committing 10 billion pounds ($13.7 billion) to invest in the UK over five years.
The UAE delegation will also include local government, investment company and private sector representatives, the ministry said.
Britain is the UAE’s third largest non-oil trade partner in Europe, with trade between the two countries worth almost $8.1 billion in 2020, it said.
($1 = 0.7279 pounds)
(Writing by Alexander Cornwell; Editing by Nick Macfie)
The main topic is the UAE's efforts to secure a trade deal with the UK to enhance economic ties and investment.
The UAE has committed £10 billion to invest in the UK over the next five years.
The UAE's economy minister, Abdulla Bin Touq Al Marri, is leading the delegation.
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