inisters forecast these events should generate £1bn in extra sales by UK firms.
UKTI has also identified an additional £4bn of "high value opportunities" such as projects linked to the Sochi 2014 Winter Olympics and the 2016 Games in Rio de Janeiro. It is thought UK firms involved in London 2012 will be well-placed to sell their new-found expertise.
Another £6bn could come from direct investment in UK projects and developments by overseas companies such as the £8bn development of the Battersea Power Station site in South London by Malaysia's SP Setia.
The project is expected to create 33,000 jobs.
Finally, the UKTI hopes its new "Great" advertising campaign fronted by Oscar-winning actress Dame Judi Dench and Slumdog Millionaire star Dev Patel will boost the number of visitors to the UK by 4 million from 2011 to 2015, generating a £2.3bn boost to the UK economy.
Altogether, the government hopes the Games and legacy projects connected to it will generate £13bn for the UK economy over the next 10 years.
Creating jobs
Many economists believe any long-term economic boost from the Games will be marginal.
Thursday's launch comes the day after official figures showed the UK economy as measured by Gross Domestic Product shrank 0.7% in the three months to the end of June.
However, new figures from the UKTI showed inward investment by overseas firms created 52,741 new jobs in the year to the end of March, which was an increase of 26% increase from the previous year.
A further 59,918 existing jobs were also calculated to have been secured by foreign investment.
"Despite a difficult international economic climate, more jobs have been created and secured than in any year for over a decade," said Business Secretary Vince Cable.
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