Reports of strong trade between UK and UAE

18/08/2011 - Dubai Investment News Posted by Neil King
Reports of strong trade between UK and UAE

The UAE is the UK's top trading partner within the Middle East and North Africa region.This is according to Robert Kelly, deputy director of UK Trade and Investment in Abu Dhabi, who told Gulf News that last year trade reached almost £9 billion between the nations, which is on track to top £12 billion by 2015.People with property investment in Dubai and other areas in the UAE could be bolstered by the news, as the past month has seen a cause for anxiety in the global economic markets.Mr Kelly told the news provider that large UAE companies are investing in the UK, such as a £1.5 million investment in Britain from DP World.Meanwhile, this is being reciprocated by UK firms, which have ploughed money into the Zayed Museum and Ferrari World."The two countries have established a UK-UAE CEO Forum, bringing together business leaders of both countries as an important part of the drive to boost trade and commercial ties between the UAE and the UK," he remarked.