Gulf deal boosts tech firm jobs
Around 200 British jobs will be created and another 650 secured after a UK technology company won a £300 million deal with the United Arab Emirates, Trade Minister Lord Livingston has announced.
The agreement will see Nottingham-based Chinook Sciences build the world's largest advanced thermal energy-from-waste facility in the Emirate of Sharjah.
About half of the new jobs will be in the East Midlands and the deal will also benefit Chinook's supplier base of 440 companies, which provide over 92% of Chinook's technology and represent every UK region.
Key suppliers expect their revenues to more than double over the next few years as a result of Chinook's projects, with a substantial addition of new jobs, Lord Livingston said.
Chinook's success is also supporting a number of apprenticeship programmes.
Lord Livingston said: "Our medium-sized businesses have the potential to be economic powerhouses for the UK. Their success is dependant on expanding beyond domestic markets. Chinook Sciences is a great example of a company doing just that.
"UKTI is delighted to have helped deliver this deal. UAE's investment will enable Chinook to create new jobs across the UK."