Abu Dhabi will invest up to £5bn in the UK through its state-run fund Mubadala

Abu Dhabi will invest up to £5bn in the UK through its state-run fund Mubadala

Abu Dhabi will invest up to £5bn in the UK through its state-run fund Mubadala

Abu Dhabi has agreed to pump billions of pounds into British technology and infrastructure.

The wealthy region, part of the United Arab Emirates, will invest up to £5billion through its state-run fund Mubadala in assets such as healthcare companies and green energy plants.

This will include £800million for the life sciences sector over five years, the Financial Times reported, alongside £200million from a British Government fund. 

Similar investments are expected to follow in the technology, clean energy and infrastructure sectors, suggesting the total could hit £5billion.

It comes after Prime Minister Boris Johnson set up the Office for Investment last November, to help the UK pull in more money from overseas.

Lord Gerry Grimstone, appointed investment minister, said he was expecting ‘equal or better opportunities to be found in those sectors’. 

Khaldoon al-Mubarak, Mubadala’s boss, said: ‘It will be a sizeable number, appropriate for these sectors in order for us to make the right scale and returns.’

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bitcoin falls below $22,000 to lowest in over three weeks

Bitcoin has tumbled below $22,000 to its lowest level in over three…

Martin Lewis warns ‘prices will never come down’ as he answers 6 big money questions

MONEY saving expert Martin Lewis is one of the most in-demand people…

Shoppers are turning to second-hand buying as cost of living crisis continues to bite

Sales of second-hand goods soared by 15% to £21billion last year as…

Women flood to the top of embattled water industry

The crisis in the water industry has thrust some of Britain’s leading…