The UAE-UK Business Council held its fifteenth plenary meeting on 24th April 2019 at Standard Chartered's Headquarters in London.


The Business Council reviewed the strength of the bilateral trade relationship and how the increasing partnerships between the two countries will give continued opportunities to businesses in both countries. Mr Samir Brikho, Co-Chair of the UAE-UK Business Council said, “the UK is open for business and this is a time of great opportunity.  The UAE and UK matter to each other and we continue to have an incredible platform from which to grow bilateral trade and investment even further.”

In addition to the activities being led by its seven sector working groups, the Business Council was interested to hear presentations on the UK’s Industrial Strategy, Investment Opportunities in the UK, Blockchain and the UK’s visa regime.


The Business Council was also honoured to hear from H.E. Al Shihhi, Undersecretary at the UAE Ministry of Economy and Her Majesty’s Trade Commissioner, Simon Penney, who updated the Council on the productive discussions at the Ministerial Joint Economic Committee that had taken place earlier that day.

H.E. Nasser A. Alsowaidi, Co-Chair of the UAE-UK Business Council expressed his sincere appreciation to the UAE Embassy in the United Kingdom and the UK Embassy in the United Arab Emirates for their continuous collaboration in supporting the initiatives of the UAE-UK Business Council throughout the years.

The day concluded with the signing of two Memorandum’s of Understanding (MoU).  In the first MoU, the Global Manufacturing & Industrialisation Summit (GMIS), a joint initiative by the UAE and the United Nations Industrial Development Organisation (UNIDO), announced its partnership with the Lloyd’s Register Foundation.  This partnership will drive research through a working group to tackle the knowledge gap that has emerged in the application of Fourth Industrial Revolution technologies and will put safety challenges, opportunities and implementation at the forefront of global economic development.

A second MoU announced the details of a partnership between the Mohammed Bin Rashid Initiative for Global Prosperity and the University of Cambridge’s Institute for Manufacturing (IfM). The Mohammed bin Rashid Initiative for Global Prosperity combines the Global Maker Challenge, an online open-innovation platform designed to promote and accelerate global prosperity through product innovation; and the Global Prosperity Award, a prestigious global accolade that recognizes and rewards corporate social responsibility that advances resilience, community, harmony and dignity across the world.  The Global Maker Challenge consists of four challenges, each targeting a specific global issue which global organisations can adopt as part of their corporate social responsibility.  Each of the winning solutions to the four challenges will be presented to a panel of international experts brought together by the University of Cambridge’s Institute for Manufacturing. The panel will then determine the solution with the greatest socio-economic impact in order for its adopting organisation to qualify for the Global Prosperity Award as a recognition of its corporate social responsibility.

 

 

 

 

Note for Editors

At its eighth plenary meeting in May 2015, the Business Council agreed to aim for a continuing increase in bilateral trade and investment.

The bilateral relationship continues to be strong and mutually beneficial.  Bilateral trade in 2017 was £17.5bn, up from £14.6bn in 2015.  Outside of Europe, the UAE is the UK’s fourth biggest export market, behind only the US, Japan and China.

The Business Council has seven Working Groups: Energy, Education & Training, Healthcare & Life Sciences, Security & Aerospace, 4th Industrial Revolution, Manufacturing & SMEs, Infrastructure, Financial & Professional Services.

The members of the UAE-UK Business Council are:

Atkins

BAE Systems

Barclays

BP plc

British Business Group – Abu Dhabi

British Business Group - Dubai

Brunswick Group

Corrotherm International

Foster & Partners

Healthcare UK

HSBC

PwC

Rolls Royce

Serco

Shell

Standard Chartered

University of South Wales

Abu Dhabi Chamber

Abu Dhabi Global Market (ADGM)

Abu Dhabi Investment Authority (ADIA)

Al Badie Group

Al Ghandi Investment Company

Al Thani Investments

Bin Butti International Holding

Daman Investments

DP World

Dubai Chamber

Emirates

Etihad Airways

GASCO

MASDAR

Mubadala

Ruwad Establishment

 

Contact for this News Release

Rachel Elks – mobile - +971 56 879 1582

 

 

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