United Arab Emirates to invest $ 12 billion in UK

This amount complements the investment partnership between the two countries, which began in March, with an initial commitment of 800,800 million (8,928 million) from Mubadala and 200,200 million (4,234 million) from the United Kingdom.

“The UAE is making an investment of $ 10 billion (about $ 11.7 billion),” Mubadala said in a statement, adding that the commitment, as before, was for five years.

The technology, infrastructure, science and renewable energy sectors are “seen as the key sectors that will support the economic growth of the two countries,” the statement said.

Mubadala is one of the largest sovereign wealth funds in the world, investing in various sectors across the world. In France, it has invested in the Lac d’Argent funds to support the capital of large companies.

The announcement coincides with the arrival in London of Crown Prince Sheikh Mohammed bin Saeed Al Nahyan from Abu Dhabi, the capital of the United Arab Emirates. The future “.

“Such ambitious alliances are at the heart of the government’s strategy to be a leading global force in science and technology, to generate comprehensive investments, to support the whole of the UK and to create more valuable jobs, ”Johnson said in a statement.

The additional investments include an investment of 500,500 million (585 million euros), as part of the capital increase of City Fiber, the installation of fiber to bring fast Internet to eight million households and the creation of 10,000 jobs.

Next month, the UK will host the World Investment Summit in London, bringing together major investors to support Britain’s plan for the Green Industrial Revolution and promote the development of clean technologies.

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