Abu Dhabi’s $26B investment in U.K. is twice what it committed

Abu Dhabi is doubling down on its commitment to invest in the U.K.

Four years ago, the emirate agreed to channel 10 billion pounds ($13 billion) via its Mubadala sovereign fund into British assets, particularly in tech and life-sciences firms and London property developments, signing a deal labeled the Sovereign Investment Partnership.

Since then, spending in the U.K. by Abu Dhabi entities has ballooned to 20 billion pounds, Bloomberg reports.

Among the investments was the $600 million stake Mubadala bought this year in London-based school operator Nord Anglia Education.

Prime Minister Keir Starmer underlined the U.K.’s desire to draw more Gulf investment with a visit to the UAE and Saudi Arabia last December.