LONDON: Saudi Arabia and Britain have agreed to build $90 billion of trade and investment ties, it was announced yesterday.
The agreement came as Britain rolled out the red carpet for Saudi Crown Prince Mohammed bin Salman at the start of his high-profile visit to London.
Crown Prince Salman met British Prime Minister Theresa May as they hosted the inaugural meeting of the UK-Saudi Arabia Strategic Partnership Council.
The Crown Prince earlier met Queen Elizabeth for lunch.
A spokesperson for May describe the agreement as “a significant boost for UK prosperity and a clear demonstration of the strong international confidence in our economy as we prepare to leave the European Union”.
These new investment and procurement opportunities will be spread across a range of sectors including education, training and skills, financial and investment services, culture and entertainment, healthcare services and life sciences, technology and renewable energy and the defence industry.