Office for Investment
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UAE to invest £10 billion in priority UK industries
Press release
Abu Dhabi’s Mubadala Investment Company and UK’s Office for Investment agree to expand Sovereign Investment Partnership
![Flight paths from the UK to the rest of the world](https://assets.publishing.service.gov.uk/media/6149b088e90e070446ce522a/s712_flight-path-world-gov.jpeg)
UAE and UK launch sovereign investment partnership with initial £1 billion in life sciences
Press release
Abu Dhabi’s Mubadala Investment Company to invest £800m, alongside £200m from the UK, boosting the next generation of British life science companies.
![Picture of Lord Grimstone signing the agreement with Mubadala](https://assets.publishing.service.gov.uk/media/6124de97e90e07054a62c58a/s465_image-of-signing.png)
The newly launched Office for Investment will connect public and private sector expertise while ensuring high and rigorous standards of scrutiny and security.
![Wind turbines and a man welding](https://assets.publishing.service.gov.uk/media/60bf73f4e90e0743acb7a113/s465_ofi-v2.jpeg)
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The Office for Investment is a joint Department for Business and Trade and Number 10 unit which works across government to land top-tier investment into the UK.
OfI is part of the Department for Business and Trade.
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