Business, Innovation and Skills written question – answered at on 24 April 2012.
Frank Roy
Labour, Motherwell and Wishaw
To ask the Secretary of State for Business, Innovation and Skills what estimate he has made of the number of UK companies that are based in the United Arab Emirates.
Norman Lamb
The Parliamentary Under-Secretary of State for Business, Innovation and Skills
The British embassy in the United Arab Emirates (UAE) state that there are some 5,000 registered UK firms operating in the UAE, and British banks are highly committed there.
Data from the Office for National Statistics in the “Foreign Direct Investment—MA4 2010” publication shows that the UK had investments to the value £16.3 billion in Gulf Arabian countries in 2010. Based on the Office for National Statistics (ONS) “Disclosure Control Policy” guidance, investment data for the United Arab Emirates in 2010 is not publicly available, due to obligations to protect the confidentiality of data provided, for example where it is based on a small number of data returns.
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