Page 22 - MOE ENGLISH PR REPORT - JANUARY 2024

Press Release

UAE and United Kingdom explore opportunities to strengthen

economic partnership and enhance collaboration in entrepreneurship,

fintech, and renewable energy

H.E. Bin Touq: UAE-UK relations set an example for advanced strategic partnership and
economic cooperation. We are keen to strengthen collaboration with the United Kingdom
in emerging economic sectors

Abu Dhabi, 31 January 2024:
In a bid to enhance economic ties between the UAE and the United Kingdom, H.E. Abdulla bin
Touq Al Marri, Minister of Economy, recently met with H.E. Greg Hands, British
Minister of State (Department for Business, Energy & Industrial Strategy). The bilateral meeting
explored new opportunities for economic and investment cooperation, as well as new avenues for
deepening collaboration at the private sector level.

The meeting took place during a UAE delegation's visit to the UK to participate in Investopia
London, which will be held today January 31, 2024. The event, organized by Investopia, will bring
together over 200 participants including UAE and UK leaders, businessmen, investors, and
entrepreneurs.

H.E. Bin Touq emphasized that the UAE-UK relations serve as a prime example for advanced
strategic ties and exceptional economic partnership, thanks to the visionary leadership in both
countries. H.E. highlighted the UAE's commitment to strengthening economic cooperation with
the United Kingdom, particularly in emerging sectors that drive the transition towards the future
economy. These sectors hold significant importance since both nations share common visions and
economic strategies aimed at driving expansion and investment in these future sectors.

H.E. said: “The meeting marks a significant milestone in boosting efforts to explore more
opportunities and broaden the scope of existing cooperation between the UAE and the UK,
particularly in relevant economic sectors. The UAE has a vital role as the UK’s primary economic
partner in the region, thanks to its strategic geographic location. Likewise, the UK serves as a
promising economic hub for UAE businesses in Europe.”

Supporting dialogue at the private sector level

The two sides discussed the strengthening of prospects for economic partnerships and facilitating
dialogue between the UAE and British private sectors. This will open up new avenues for

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