HBG Holdings to encourage UK investment in UAE

25/11/2010 - Dubai Investment News
HBG Holdings to encourage UK investment in UAE

Posted by Bob Brunskill

HBG Holdings, a UK private equity investor and fund management business specialising in the Middle East, has announced plans to invest $500 million in small and medium sized enterprises in the UK.

The firm stated that it will specifically target companies with potential to expand operations in the UAE and GCC states.

"At a time when the UK government is urging British firms to engage fully in fast growing emerging markets, we are doing our part to facilitate capital flows from the Gulf into small cap companies in the UK," said Zulfi K Hydari, group managing director of HBG Holdings.

"We believe this initiative is unique in its ability to help growing firms in the UK access capital from overseas and will encourage them to invest and expand in the Middle East."

The HBG initiative comes at a time when the British government is taking steps to increase trade with the UAE and GCC.

A taskforce has been set up to help raise UAE-UK bilateral trade from £7 billion to £12 billion by 2015.ADNFCR-2019-ID-800256977-ADNFCR