The United Kingdom yesterday said it is actively seeking investment from Gulf sovereign wealth funds (SWFs) to help boost the country's economy despite reservations in some quarters.
Lord Peter Mandelson, Britain's Secretary of State for Trade, said during a visit to Abu Dhabi that his delegation had met SWF representatives and government officials and had received a good response during talks on investment and other areas of co-operation.
"We need liquidity in the system," he said. "We need funds to flow and we need credit to be available. We are putting that right in Britain and you are doing so here in the Emirates. We have a lot to learn from each other and to do together."
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