The UAE has been highlighted as 'a key market' as part of the UK’s plan to double the number of businesses exporting goods globally.
The UK government aims to export £1 trillion worth of goods by 2030, with the UAE and GCC set to be an integral part of this target.
The British Chambers of Commerce (BCC) will embark on a whirlwind tour of the Emirates, the BCC delegation will visit Silicon Oasis, Dubai Multi Commodities Centre, Jebel Ali Free Zone and Expo 2020 Dubai, and locations in Abu Dhabi to kickstart trade talks between the two countries.
The current plan comes fresh off the back of the groundbreaking £10 billion investment deal in which Mubadala committed to the UK’s technology, infrastructure and energy projects. In addition to the £800 million pledged to the life sciences sector earlier this year.
Building on momentum from the Mubadala deal, the BCC delegation will create further opportunities for the free-trade agreement consultation now taking place between the GCC and UK.
Mr Martin St Valery, chairman of the British Business Group, told The National
"the UK-UAE relationship stronger than ever, with more engagement and the appetite of collaboration across the GCC" he expects the Gulf to become increasingly attractive to a currently UK-based company.
There are more than 120,000 British citizens living in the UAE, this is set to grow following the current trade opportunities being created and the recent reforms to 100% foreign ownership of a business in the country, the current ecosystem is ripe for new ventures and company formations.