An Abu Dhabi investment fund has agreed to pay £800m into UK life sciences, in what could be the first of billions of pounds of investment in the UK.
Mubadala, one of the UAE’s most active funds, will invest the money over five years.
Abu Dhabi is set to invest heavily in British health, tech, green energy and infrastructure, according to the Financial Times.
It is thought investments in the other sectors will be of a similar scale.
The exact size of the total investment is not yet clear, the FT said, but could be worth up to £5bn.
To read the full article from BBC News, please click here