A message from Edward Hobart, HM Ambassador to the UAE
With bilateral trade and investment now exceeding £25bn, and with nearly 15,000 British exporters doing business with the UAE, the country is becoming an increasingly important market for UK companies. Economic diversification, investment in skills and technology, and the growth of new industries such as clean energy, AI, agritech and fintech, are some of the drivers creating new opportunities in the UAE for innovative British companies, both large and small.
The policy environment is also encouraging this growth in trade – the UK-GCC Free Trade Agreement will, when implemented, add as much as £1.6bn to the UK economy and boost the UK’s trade with the region by 16%.
The exchange of knowledge and ideas is an important component of the commercial relationship, and the UAE-UK Business Council is unique in that it leads on thought leadership dialogues between our respective business communities, in areas as diverse as sustainable aviation, cancer care, the built environment and women and entrepreneurship. It has produced impactful campaigns, events and policy papers, and these have informed our own efforts at the Government to Government level to encourage more trade and improve the ease of doing business between our two nations.
I am excited about what the UK and the UAE can achieve together over the years ahead and am grateful to the UAE-UK Business Council for the role it plays in strengthening the close bond that exists between our two nations.