UAE And UK Launch SIP With £1b Investment In Life Sciences
Gulf Today|March 25, 2021
The UAE-UK Sovereign Investment Partnership will serve as a co-ordinated investment framework to grow a future-focused relationship
UAE And UK Launch SIP With £1b Investment In Life Sciences

The Department for International Trade and the Prime Minister’s Office’s recently-established UK Office for Investment (OfI) and Abu Dhabi’s Mubadala Investment Company, one of the world’s leading sovereign investors, on Wednesday signed a long-term investment agreement.

This is the first agreement of its kind for the UK and the Office for Investment and will deepen existing UK-UAE trade and investment ties that were worth £32 billion in 2019.

The UAE-UK Sovereign Investment Partnership (SIP) will serve as a coordinated investment framework to grow a future-focused relationship between the two nations, driving economic recovery, jobs, and growth.

An initial £800 million commitment from Mubadala to invest in UK life sciences over five years is the first focus for the SIP. The sum will be deployed alongside the UK’s £200 million Life Sciences Investment Programme announced last year (total one billion pounds sterling), a vital pool of patient capital for the sector that will enable more UK life sciences businesses to scale and grow. The OfI and Mubadala will work together to identify commercially viable opportunities for investment into the sector.

この記事は Gulf Today の March 25, 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Gulf Today の March 25, 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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