UK sets aside $570m for investing in Dubai Expo
Business secretary reveals support fund for interested companies
The UK is helping businesses that want to invest in Dubai’s Expo 2020, with architectural projects a major focus, according to senior government minister Vince Cable.
A total of $570m has been set aside to support companies that are looking to supply goods and services to the event.
“We have some very good specialist companies in architecture, design, engineering and consultancy,” Cable, business secretary in David Cameron’s coalition government, told a press conference.
The package forms part of a growing interest in investing in the UAE on the part of UK business, which has seen an upsurge in activity in recent months following a long period of economic uncertainty.
“The overall investor regime in the Emirates is an attractive one, it’s transparent, it’s a good place to do business,” Cable said. “Emirati companies are big investors in the UK.”