Saudi Press

Saudi Arabia and the world
Saturday, Sep 07, 2024

Saudi-British Economic Ties: £12.6BN Invested, with Al-Falih and Johnson Highlighting Growing Cooperation

Saudi-British Economic Ties: £12.6BN Invested, with Al-Falih and Johnson Highlighting Growing Cooperation

Saudi Arabia's Minister of Investment, Eng.
Khalid Al-Falih, highlighted the significant investment relationship between Saudi Arabia and the UK during a panel session at the Great Futures Initiative Conference.

The UK is the second largest foreign investor in Saudi Arabia, with approximately $16 billion in investments.

Al-Falih emphasized the strong Saudi-British relations and noted that the investment sector in Saudi Arabia heavily relies on banking and financial ventures.

He also mentioned that Saudi Arabia has the fastest growing economy over the past six years.

The British minister praised the success of economic collaborations between the UK and Saudi Arabia, emphasizing their long-term continuity.

He highlighted the significance of these economic ties in showcasing the strong relationship between the two countries.

The minister also acknowledged the impressive development in Saudi Arabia and the favorable investment climate, encouraging British investors to seize opportunities in the Saudi market.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Gaza War Marks Its 12th Month
Saudi Arabia Honors Cultural Pioneers Amidst Broader National Challenges
Jill Stein Criticizes US-Israel Ties, Pakistani Academic Defies Norms, and Tragedy Strikes British Tycoon: Today's Top Stories
Riyadh Mayoralty Inaugurates Second Nursery and Saudi Red Crescent's Air Ambulance Heroics Highlight Healthcare Advancements Amidst Regional Tensions
Iran's Missile Support to Russia Raises Global Tensions; Saudi Minister's Innovation Tour in Hong Kong Amid Middle Eastern Conflicts
Saudi Arabia Slashes Customs Fees and Introduces New Yacht Regulations under Vision 2030
Saudi Arabia Eyes Strategic Green Hydrogen Partnerships with Europe Amid Varied Global Crises
Libya Migrant Crisis and Global Tensions: From Deadly Shipwrecks to International Protests and Defense Initiatives
Gaza’s Children Face Grim Future as Conflict Halts Formal Education for Second Year
Escalating Ethnic Violence in Manipur Closes Schools; North Korea's Balloon Stunt Roils Seoul; Pope Calls for Peace in Papua New Guinea Amid Global Tensions
Tim Walz Advocates for Palestinian Rights Amidst Tensions in Gaza, Highlighting Humanitarian Concerns
Saudi Achievements in Cloud-Seeding and Mining Collaborations, Global Calls for Ceasefire, and Biden's Diplomatic Moves
Global Developments: UK Targets Smugglers, Ukraine Seeks Aid, and Thailand Welcomes Youngest PM
U.S. Probes Shooting of Turkish-American Activist by Israeli Forces; NATO Urges China to End Russia Support; Emergency Landing in Turkiye Amid Bomb Threat
Saudi Arabia to Host Groundbreaking Exhibition of Chinese Contemporary Art in Diriyah
Griffon Vultures Revive, New Sports Academy, and FinTech Booms: Saudi Arabia's Multifaceted Progress
Global Unrest: Elephants Rescued in Myanmar, NATO's Appeal to China, and Food Prices Fluctuate Amid Growing Crises
Toronto Film Festival Kicks Off Amid Protests, Tragedy Strikes Kenyan School, Saudi Real Estate Loans Surge, Philippines Ex-Mayor Faces Charges, China Halts International Adoptions, World's Largest Indoor Ski Resort Opens in Shanghai
Rare Eurasian Griffon Vulture Colonies Discovered in Saudi Reserve Amid Global Vulture Awareness Efforts
Israeli Withdrawal from Jenin, Pope Francis's Indonesian Visit, and Global Events Highlight a Turbulent Week
UK Bolsters Ukraine's Defense Amid Russian Attacks; US Commits Millions to Aid Haiti; Hunter Biden Faces Tax Evasion Charges; Trump Plans Antisemitism Crackdown and Federal Overhaul
Global AI Summit in Riyadh Highlighted by Commemorative Passport Stamp Amid Global Turmoil
Muvi Cinemas Launches Sensory-Friendly Sessions for Children with Autism in Saudi Arabia
Saudi Arabia's Vision 2030: Housing Success, Women's Achievements, and New Regulations Propel Kingdom to Economic Growth
Algeria Votes Amid Tebboune’s Expected Victory; UK Universities Seek Higher Tuition Fees; Egypt Holds Interest Rates Steady; IMF Praises Saudi Housing Program; OPEC+ Extends Oil Supply Cuts
Saudi Arabia’s NHC Dominates GCC Real Estate as UAE Celebrates First Nuclear Plant Amid Regional Tensions and OPEC+ Oil Cuts
NATO Backs Ukraine's Historic Offensive in Russia, Saudi Arabia's Fintech Boom, and Global Health and Political Updates
Saudi Arabia's Fintech Boom, Taif's WHO Milestone, and New Geological Museum Highlight Economic and Environmental Advances
From the Rubble in Gaza to European Leadership Shuffles: A Snapshot of Global Crises and Initiatives
Global Tensions Rise: Putin Blames West, U.S. Hostage Families Plea, and UK Suspends Arms to Israel Amid Legal Debates
Global Dynamics: Saudi-Russia US Prisoner Swap, Saudi Health Achievements, Rising Cultural Tourism, Arrests, and Worldwide Activism
Global News Roundup: Weinstein Charges Dropped, Macron Appoints Barnier, US-Russia Prisoner Swap, and Saudi Economic Surge
Mongolia Refuses to Arrest Putin Despite ICC Warrant
France Pilots Mobile Phone Ban in Schools
WHO-Led Study Finds No Link Between Mobile Phones and Brain Cancer
US Charges Hamas Leaders With Terrorism Over October 7 Attack on Israel
Hossein Shamkhani: The Rise of an Oil Tycoon
UK Suspends 30 Arms Export Licenses to Israel: Details and Implications
Biden Criticizes Netanyahu Over Hostage Crisis
Macklemore Cancels Dubai Show Over UAE’s Role in Sudan Conflict
Elon Musk Warns of US Bankruptcy Due to Government Overspending
Iranian President's Helicopter Crash Attributed to Bad Weather
Nvidia: From Gaming to Global Tech Dominance
Israeli Hostage Rescued in Complex Gaza Operation
Heist of the Century: $2.5 Billion Stolen in Iraq
Russia and Ukraine Exchange 115 Prisoners of War Each in UAE-Brokered Deal
Gen-Z Globe-Trotter Calls Egypt 'Most Annoying'
Hamas and Islamic Jihad Claim Responsibility for Tel Aviv Bomb Blast
Tsimane Tribe: Secrets to Health and Slow Ageing
Extensive Forest Fires Force Evacuations in Izmir, Turkey
×