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Sunday, July 21, 2024

UAE-UK Discuss Ways to Boost Economic Ties

UAE-UK Discuss Ways to Boost Economic TiesH.E. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, met with Lord James Sassoon, Commercial Secretary to the Treasury in the United Kingdom, and discussed ways to enhance economic co-operation between the two countries. Both sides talked about ways to boost ties in the areas such as small and medium enterprises (SMEs), renewable energy, and the possibility of boosting mutual trade.
During the meeting, Al Mansoori highlighted the vital role of the UAE-UK Joint Economic Committee in enhancing mutual trade and investment and maintaining good relations between the two countries. Al Mansoori explained to the visiting dignitary that the UAE has succeeded in positioning itself as a preferred investment destination, attracting businesses and investors from all over the world.
He also invited UK companies and industries to take advantage of the UAE’s favorable business environment, stating that the country’s support for innovation, its modern legislative systems, ease of doing business and other factors facilitating foreign investments have helped many businesses to meet their growth and development objectives. Lord Sassoon praised the historical relation between the UAE and the UK and expressed keen interest in developing these relations further to achieve mutual goals.

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