In the presence of Mohamed bin Zayed and the British Prime Minister

Signing a partnership between Mubadala and International Trade worth 10 billion pounds

  • Mohamed bin Zayed and the British Prime Minister witness the signing of the agreement.

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His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and British Prime Minister, Boris Johnson, witnessed the signing of a partnership agreement between Mubadala Investment Company and the United Kingdom's Department of International Trade, for sovereign investment between the UAE and the United Kingdom worth 10 billion. pound.

The agreement was signed at the British Prime Minister's Residence by Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, Managing Director and CEO of the Group, and Lord Gerry Grimston, Minister of Investment at the Ministry of International Trade.

The agreement aims to expand the scope of the sovereign investment partnership between the two countries, which was announced last March.

Under this agreement, the UAE will invest 10 billion pounds in the “sovereign investment partnership” between the two countries, which is supervised by the UK Investment Office and Mubadala Investment Company, while the partnership will focus, during the next five years, on pumping large investments in three new sectors. , are: technology, infrastructure, and renewable energy.

His Highness' visit also witnessed the signing of a number of agreements and memoranda, including:

- A strategic framework agreement between “ADNOC” and British Petroleum, signed by Dr. Sultan bin Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company “ADNOC” and its group of companies, managing director of “ADNOC”, and from the British side, CEO of BP, Bernard Looney.

- A strategic framework agreement between “ADNOC”, “Masdar” and “BP”, signed by Sultan Al-Jaber, and from the British side, BP CEO, Bernard Looney.

- A strategic framework agreement between Masdar and British Petroleum, signed by Sultan Al-Jaber, and from the British side, Bernard Looney.

- A cooperation agreement between Mubadala and CitiFiber, signed by the Group Executive Vice President, Walid Al Mokarrab, and Greg Misch, CEO of Citifiber.

Partnership Agreement to Address Illicit Financial Flows between the Governments of the United Arab Emirates and the United Kingdom of Great Britain and Northern Ireland, signed by Minister of State, Ahmed Al Sayegh, and British Home Secretary, Priti Patel.

- A memorandum of cooperation between the Ministry of Industry and Advanced Technology in the UAE and the Ministry of Business, Energy and Industrial Strategy in Britain, regarding cooperation in the fields of industry and advanced technology, signed by Sultan bin Ahmed Al Jaber, and on the British side, Minister of Business, Energy and Industrial Strategy, Kwasi Quarting.

- A memorandum of understanding in the field of artificial intelligence between the Office of Social Intelligence in the Prime Minister’s Office in the UAE and the Department of International Trade in the United Kingdom, signed by Ahmed Al-Sayegh and the Minister of Investment in the Ministry of International Trade, Lord Gerry Grimstone.

- A memorandum of cooperation in the field of “confronting climate change” between the Office of the United Arab Emirates Special Envoy for Climate Change and the Office of the President of the 26th Conference of the Parties (COP26), signed by Dr. Sultan bin Ahmed Al Jaber, and on the British side, Minister of State for the Middle East and North Africa, James Cleverly.

His Highness Sheikh Mohamed bin Zayed Al Nahyan attended the reception hosted by His Highness the British Prime Minister at the Prime Minister's headquarters.

During the ceremony, His Highness expressed his thanks and appreciation to Boris Johnson for the warm reception and hospitality he received in this friendly country.

He praised the level of development of relations between the UAE and Britain, stressing his keenness to develop this cooperation and push it forward with accelerated steps, for the good of the two countries and their peoples, and wished the United Kingdom and its friendly people continued progress and prosperity.

His Highness said: "We must strengthen the building of a strong and solid bridge between us, especially since the friendship and cooperation relations that unite our two countries date back decades."

For his part, Prime Minister Boris Johnson welcomed the visit of His Highness Sheikh Mohammed bin Zayed Al Nahyan, pointing to the depth of the Emirati-British relations, which are a model for friendship, cooperation and joint action that unite countries.

He also extended his thanks and appreciation to the UAE "for its efforts and assistance in evacuating British nationals from Afghanistan, along with nationals of many partner countries, which would not have been possible without the friendship, cooperation and support provided by the UAE."

He said: "I am happy to see you today, and this is an important day for us, because we are in the process of launching the investment partnership between our two countries, in which we have made great progress, and we are keen to advance joint efforts to strengthen aspects of cooperation between us."

The British Prime Minister valued the efforts made by His Highness Sheikh Mohamed bin Zayed Al Nahyan, in building the future of the partnership between the United Kingdom and the United Arab Emirates.

"There are long-term common goals for the United Kingdom and the UAE, which is very impressive, and I think we have reached a great stage," he said.

The reception was attended by H.H. Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Executive Council of the Emirate of Abu Dhabi, Minister of State for International Cooperation, Reem bint Ibrahim Al Hashimi, Minister of Industry and Advanced Technology and CEO of Abu Dhabi National Oil Company (ADNOC) and its group of companies, Managing Director of Abu Dhabi National Oil Company. ADNOC, Dr. Sultan bin Ahmed Al Jaber, Minister of State, Ahmed bin Ali Muhammad Al Sayegh, Diplomatic Adviser to His Highness the President of the State, Dr. Anwar bin Muhammad Gargash, Deputy Secretary-General of the Supreme Council for National Security, Ali bin Hammad Al Shamsi, and Chairman of the Executive Affairs Authority Member The Executive Council, Khaldoon Khalifa Al Mubarak, and the UAE Ambassador to the United Kingdom, Mansour Abdullah Khalfan Belhoul.

Crown Prince of Abu Dhabi:

• “We must strengthen the building of a strong and solid bridge between us, especially since the relations of friendship and cooperation that unite our two countries go back decades.”

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