Dubai: One Emirati student will be chosen for the privileged Mansion House Scholars Scheme, announced Alderman David Wootton, the lord mayor of the city of London, in Abu Dhabi last week.

The lord mayor who spoke during a visit to Abu Dhabi Men's College (ADMC) said the candidate will be chosen by the British embassy and announced later this year.

"This scholarship scheme will allow the student to study at the very best universities and business schools in the UK for a year, gaining world-leading financial skills," he said.

The Mansion House Scholars Scheme was established in 1997 and provides scholarships in support of overseas students for training and work experience in the UK financial services industry.

"The lord mayor chooses up to seven students depending on which countries he's going to be travelling to during his year in office," Billy King-Harman, senior programme manager to the lord mayor, said. "This year we are looking at two students from the Gulf, one from the UAE and another from Kuwait."

Trade pact follow-up

The lord mayor is essentially an ambassador for the UK's financial services industry. He was accompanied on his visit to ADMC by a business delegation consisting of senior representatives of London's largest financial companies.

The visit came as part of the lord mayor's mission to honour the two nations' bilateral trade agreement made during UK Prime Minister David Cameron's visit in 2010.