British businesses on 13-day mission to Gulf

Marwan Sultan in London, Friday 16 Jan 2015

Large business delegation on tour of 5 Gulf states aiming to promote economic ties

The lord mayor of London is leading a large business mission to the Gulf, aiming to promote trade relationships with the oil-rich region.

The mission will visit Kuwait, Saudi Arabia, Oman, the UAE and Qatar between 16-28 January.

Before leaving London, Lord Mayor Alderman Alan Yarrow said in a statement that “the Gulf has always been a hugely important and longstanding economic partner for the UK.”

The tour is a “part of efforts to make sure London and the UK remain the regional partner of choice when it comes to financial and professional services,” he said.

“I hope that my visit to the nations of Kuwait, Saudi Arabia, Oman, the UAE and Qatar will build on this and further strengthen the financial ties that bind us,” he added

The lord mayor acts as ambassador for the UK’s financial and professional services.

The missions are scheduled to meet with senior members of the government, investment authorities, regulators and business leaders in the Gulf States.

According to the schedule, the mission will be visiting  Kuwait City from 16 to19 January, Riyadh on 20 January, Muscat from 21 to 23 January, Dubai and Abu Dhabi from 24 to 26 January and Doha from 27 to 28 January.

Companies participating mission include: Invesco, HSBC, Thomson Reuters, Charles Stanley, Deloitte, Kleinwort Benson, SAH Global, White and Case and Cass Business School, London Stock Exchange, Royal Institution of Chartered Surveyors, Aetos, MomoEssa, Chartered Institute for Securities & Investment (CISI), and Dome Advisory.

“My visit will also be one of sharing skills and experiences to grow both our financial sectors and thus our wider economies,” the lord mayor said, adding that closer ties will help support each countries target in supporting sustainable economic growth and helping create jobs.

The lord mayor represents City businesses and helps the City Corporation advice the British Government on what is needed to help the financial services sector to function well.

He frequently travels to represent the City and travels overseas with the status of a cabinet minister.

 

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