The UAE and the UK are expected to agree on an ambitious ‘Partnership for the Future’ today, building on the historic relationship between the two countries and setting a broad foundation for future cooperation, Downing Street said on Wednesday night.
UK Prime Minister Boris Johnson will host His Highness Sheikh Mohamed bin Zayed Al Nahyan for a bilateral meetings at Downing Street, a military Guard of Honour and a UK-UAE business reception today.
The UAE is already a key partner for the UK, with total trade between the two countries reaching £12billion in 2020.
As part of the visit, the UK Office for Investment and the UAE’s Mubadala Investment Company are expected to sign a major expansion of the Sovereign Investment Partnership (SIP) agreed earlier this year. The deal will secure investments across the UK in life sciences, technology, energy transition and infrastructure. Johnson and Sheikh Mohamed bin Zayed will witness the signing of the expanded memorandum of understanding for the SIP at Downing Street.
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