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FINANCIAL NEWS
UAE, UK trade to grow
19 Aug 2011
(MENAFN) Deputy Director of UK Trade and Investment in Abu Dhabi, Robert Kelly, said that although the global economy went through tough conditions, trade between the UAE and the UK would rise, reported Gulf News.
Kelly also said that the UAE was Britain’s main trading partner in the region, since its trade with the country reached around USD14.8 billion a year ago, driven by the deal which was signed two years ago between the two parties to raise trade by the year 2015 to USD19.7 billion from USD12.3 billion in 2009.
He added that UAE’s DP World would invest about USD2.4 billion in the UK, generating around 36,000 direct and indirect jobs in the country.
It is worth noting that many UK firms executed plans and designs for major prjects in Abu Dhabi including the Zayed Museum and Ferrari World.
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