Home UAE Abu Dhabi UAE to invest $690m in UK’s CityFibre as Sheikh Mohamed visits The investment in the digital infrastructure group is part of a larger raising of capital by CityFibre by Bloomberg September 16, 2021 The United Arab Emirates will invest £500m ($690m) in UK-based CityFibre to roll out high-speed broadband, the UK government said on Wednesday, as the Abu Dhabi Crown Prince visited London. The investment in the digital infrastructure group is part of a larger raising of capital by CityFibre, a statement from the office of UK Prime Minister Boris Johnson said. During the visit of Sheikh Mohamed bin Zayed Al Nahyan, the Abu Dhabi wealth fund Mubadala Investment Company will expand a Sovereign Investment Partnership agreed earlier this year. The UAE said this month it was seeking comprehensive economic agreements with countries showing high potential for growth, including the UK post-Brexit. The UAE and UK will focus on investments across the UK in life sciences, technology, energy transition and infrastructure, the statement by Johnson’s office said. The two countries will also agree on a partnership to tackle illicit financial flows, it said, without giving details. Read: Dubai’s DP World to invest £300m in London Gateway logistics hub Tags CityFibre Digital Infrastructure UAE UK 0 Comments You might also like Make It in the Emirates Forum: EDB unveils Dhs424m in financing deals Corporate Tax: MoF issues 3 new decisions, includes rules for determining taxable income CBUAE issues new AML guidance for financial institutions ‘Make it in the Emirates Forum’ opens in Abu Dhabi