H.E Nasser Ahmed Al-Suwaidi, Chairman of Abu Dhabi Department of Economic Development, the Chairman of the UAE-UK Business Council headed yesterday at the headquarters of Department of Economic Development the coordination meeting for the UAE side in the Council, with a view to the preparation of the 4th meeting of the Council next May in London. Present at meeting were the Heads of the Supporting Committees of the Council, HE Fahad Saeed Al Raqbani, the Director of the Abu Dhabi Council for Economic Development, the Head of the Finance and Business Committee; HE Mohammed Ahmed Al Midfa, the Chairman of Sharjah Chamber of Commerce and Industry, the Head of the SMEs Committee; Dr. Saif Al-Nassiri, ِthe Acting Director of Business Support Service(ADNOC) and Head of the Energy Committee; Her Excellency Raja Al Gurg, Chairperson of ESAG Charity Foundation, the Head of Health Committee ; HE Khaled Abdullah Al-buainain, Head of the Defense Committee and HE Dr. Nasser Saif Al-Mansoori, CEO of Etihad Rail, the Head of the Infrastructure Committee. The meeting reviewed the outcomes and recommendations of the Council’s previous meetings, with emphasis on the last meeting held in Dubai on November 5 last year, which focused on promoting partnership and cooperation between the UAE and UK in many fields such as energy, business and finance, SMEs business incubators, education, health and defense. The meeting focused on merging of some working groups of the supporting committees set by the UAE- UK Joint Economic Committee into the UAE- UK Business Council committees, with a view to contributing to the development and activation of joint cooperation between the two countries in many vital sectors of interest to the two countries, such as energy, business and finance, small and medium-sized enterprises, health, defense, education and infrastructure. The meeting reviewed a number of recommendations of the last Council meeting in Dubai, aimed to support the UAE-UK Joint Economic Committee concerning the obstacles and opportunities of trade and investment; and the establishment of partnerships between Emirati and British companies to enter other markets and the support and development of SMEs in both countries. The meeting also probed the constraints facing UAE companies in entering the British market, in order to propose appropriate solutions in coordination with the British side, and enhance the role of the UAE-UK Business Council in supporting and developing economic and investment relations between the UAE and the United Kingdom. The meeting examined the efforts to standardize data and statistics related to the UAE and the UK economies, through enhanced cooperation and coordination among government agencies concerned with issuing official data and statistics in both countries to help provide up-to-date data that would support investment in both directions. The coordination meeting discussed the main developments in the activities of the UAE side Supporting Committees. Dr. Saif Al-Nassiri, ِActing Director of ADNOC Business Support Service, the Head of the Energy Committee, said that the UAE side held coordination meetings with the British counterparts, which focused on the importance of strengthening joint cooperation in the period ahead, in technological and technical fields; and exchanging expertise and visits between the two sides. HE Fahad Saeed Al Raqbani, Director of the Abu Dhabi Council for Economic Development and Head of Finance and Business Committee, explained the major developments in coordination between the two sides, most importantly, the British side's interest in the integration of British companies in Abu Dhabi and Dubai financial markets, and the financial centre project intended to be established on Al Mariah Island in Abu Dhabi, in addition to utilization of British expertise in the implementation of this project. In turn, His Excellency Mohammed Ahmed Al Midfa, Chairman of Sharjah Chamber of Commerce and Industry, and Head of the SMEs Committee, highlighted areas of cooperation with the British side in light of the recent coordination meetings, which focused on discussing the UAE proposals for cooperation in support SMEs projects, and the proposal for the establishment of business centers to support small and medium-sized enterprises. The coordination meetings between the two sides discussed organizing business meetings between the two sides entrepreneurs in the industrial and commercial sectors, to be held once a year, alternating between the two countries, with the aim of opening areas of cooperation for small and medium-sized companies to get better competitive products and suppliers. Al Midfa said that the two sides also discussed the proposed participation of UAE entrepreneurs and facilitating SME products display in national exhibitions and events which attract target groups in Britain, to develop small local projects, improve quality and exchange experiences between institutions working in the SME sector and incubators in both countries The Heads of Supporting Committees also reviewed the topics to be discussed with the British side during upcoming meetings, in order to agree on a joint mechanism between the two sides to strengthen cooperation and achieve a number of goals to enhance economic relations between the UAE and Britain.