x Abu Dhabi, UAEThursday 27 July 2017

UK visit makes more than £500m

Gordon Brown's four-day trade visit in the Gulf generates more than £500m in deals, according to the country's business secretary.

Britain's prime minister Gordon Brown, centre, with students in Abu Dhabi as part of the four-day trade visit to the Gulf.
Britain's prime minister Gordon Brown, centre, with students in Abu Dhabi as part of the four-day trade visit to the Gulf.

Business secretary Lord Peter Mandelson announced today that British business had drummed up deals worth more than £500 million (Dh2.88 billion) during a four-day trip to the Gulf. The British prime minister Gordon Brown and Lord Mandelson are on the last day of a trip to Saudi Arabia, Qatar and the United Arab Emirates, which focused in part on building up business links with the region. The deals cover sectors including construction and energy.

They travelled with a party of 27 leading British business figures from companies including oil giants BP and Royal Dutch Shell and defence contractor BAE Systems. Asked to put a figure on the value of deals signed, Lord Mandelson said: "I can only put it in terms of hundreds of millions", stressing that deals were at different stages of development. "If you really want to know my true opinion, the amount of goodwill that has been generated by this will far, far exceed the value of the immediate agreements."

Asked if the figure was over £500m he said: "Certainly." *AFP