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UK official hails UAE-UK relations

posted on 25/11/2006: 653 views

London - Sir Michael Savory, Representative of Mayor of London, praised the UAE-UK relations as distinguished. He said that economic development policy adopted by the UAE had created a diversified economy and generated huge business opportunities.

According to him, the UAE has become magnetic point for global prospective investors, noting to the increasing UK investment in the UAE. Sir Savory made his remarks during a reception he held yesterday in honour of participants at the Emirates-UK Business Investment Opportunities Exhibition held in London on November 22-24.

Minister of Governmental Sector Development Sultan Al Mansouri, who attended the function along with a number of British and European businessmen, said the vibrant economic and trade cooperation would be instrumental in attracting British investment to the UAE sectors of real estate, tourism, transport, education, communications and IT.

He urged British and European businessmen to take advantage of the attractive, competitive legislative and economic investment environment in the UAE. (Emirates News Agency, WAM)


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