UAE to announce investment expansion throughout Britain
September 16, 2021, 12:07 am

UAE to announce investment expansion throughout Britain

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The Inter empresarial reported, British PM Boris Johnson's press office said in a statement that the UK Office for Investment and the United Arab Emirate's (UAE) Mubadala Investment Company are expected to sign an expansion of the Sovereign Investment Partnership (SIP) on Thursday.

According to the report, the deal will promote investments throughout Britain in life sciences, know-how, power transition and infrastructure, in response to the assertion.

The Monetary Occasions reported, citing a authorities official briefed on the talks, the general funding dedication of the Gulf state over 5 years can be about 10 billion kilos ($13.85 billion).

Further investments prone to be introduced embrace a 500 million pound funding in British fibre broadband operator CityFibre for the rollout of high-speed broadband within the nation, the assertion added, with the funding being an element a bigger CityFibre capital elevate.

In March, Abu Dhabi state investor Mubadala Funding Co had signed a cope with UK to take a position 800 million kilos in life sciences and healthcare growth initiatives.

The offers come as Johnson hosts Sheikh Mohammed Bin Zayed Al Nahyan, Abu Dhabi’s crown prince, for a bilateral assembly at Downing Road on Thursday.

Source: inter empresarial

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”