British firms look forward to bright future in UAE

03/03/2009 - Dubai Investment News
British firms look forward to bright future in UAE

Swathes of British businesses are looking forward to strengthening ties with counterparts in the UAE, Zawya reports.

The publication reports that the UAE is ranked as the 15th largest exporter to the UK and is identified as a high growth market by British business leaders.

And trade between the UK and Dubai and the northern emirates is likely to be particularly strong, as these emirates accounted for 85 per cent of all transactions between the two countries in 2007.

This robust trade relationship may encourage Britons to look for Dubai property for sale, while property in Ras Al Khaimah or Umm Al Quwain may also prove attractive.

Commenting on the relationship between the UAE and the UK, Jeff Wilson, the director of UK trade and investment at the British embassy, said: "There are tremendous historical links between the two countries which means there are generations of British business people here ... it is a very attractive place for people to live and set up their own businesses."

In addition to the UK, the Foreign & Commonwealth Office identifies the US, France, Italy, Japan, Singapore and South Korea as particularly strong trading partners of the UAE.ADNFCR-2019-ID-19055092-ADNFCR