Vision 2030 Fuels Thriving Business and Investment Ties Between Saudi Arabia and the City of London: Lord Mayor
The Lord Mayor of the City of London, Michael Mainelli, expressed the strong business and investment connections between Saudi Arabia and the UK, with Saudi Arabia being the largest trading partner in the Gulf region and a significant investor in the City of London.
The trade between the two countries is valued at around £65 billion annually, with Saudi investment exceeding £17 billion.
Mainelli anticipates further investment between the two countries due to Saudi Arabia's Vision 2030 reform plan, which he described as "amazing" and a "pyramid" with the entire nation working towards various goals.
The text discusses the opportunities for collaboration between the UK and Saudi Arabia in the professional financial services sector, with the UK being recognized for its premier status in this field.
The text also highlights the growing intellect and investments in areas such as property development, operational businesses, science and technology, media distribution, and packaging in Saudi Arabia.
Mainelli, who is trying to make connections in Riyadh, is looking forward to significant Saudi investment in science and technology, particularly in hydrogen, desalination, and biotech.
The British government is hosting a two-day conference in Riyadh from May 14-15 to boost economic cooperation between the two countries.
The UK is bringing around 400-500 British firms to explore technology collaborations with Saudi Arabia.
In June, Saudi Arabia will participate in the Net Zero Delivery Summit and an infrastructure meeting.
The UK's economic relations with Saudi Arabia have been growing since the Brexit vote in 2012, with an increase in workers in the City of London and assets under management.
Conferences like the World Economic Forum in Riyadh facilitate business deals through individual conversations.
The text discusses the importance of international cooperation, specifically in the energy sector, for economic growth.
The speaker, Mainelli, highlights the need for both Britain and Saudi Arabia to plan their energy transitions for a net zero world.
He also mentions geopolitical tensions and trade restrictions as barriers to global collaboration.
Mainelli suggests using ISO standards, such as those for artificial intelligence and space sustainability, to address these issues and enable mutual recognition of professionals working across borders.
The text discusses the importance of addressing three areas for businesses in today's complex world: geopolitical tensions, governance standards, and technology.
The author, Mainelli, emphasizes the need for businesses to understand and react to geopolitical tensions, as they can impact trade and peace.
However, businesses do not have a direct role in negotiations or military actions, so they should focus on supporting peace through trade.
Regarding governance standards, Mainelli stresses the importance of constantly working to improve them within organizations.
Mainelli anticipates further investment between the two countries due to Saudi Arabia's Vision 2030 reform plan, which he described as "amazing" and a "pyramid" with the entire nation working towards various goals.
The text discusses the opportunities for collaboration between the UK and Saudi Arabia in the professional financial services sector, with the UK being recognized for its premier status in this field.
The text also highlights the growing intellect and investments in areas such as property development, operational businesses, science and technology, media distribution, and packaging in Saudi Arabia.
Mainelli, who is trying to make connections in Riyadh, is looking forward to significant Saudi investment in science and technology, particularly in hydrogen, desalination, and biotech.
The British government is hosting a two-day conference in Riyadh from May 14-15 to boost economic cooperation between the two countries.
The UK is bringing around 400-500 British firms to explore technology collaborations with Saudi Arabia.
In June, Saudi Arabia will participate in the Net Zero Delivery Summit and an infrastructure meeting.
The UK's economic relations with Saudi Arabia have been growing since the Brexit vote in 2012, with an increase in workers in the City of London and assets under management.
Conferences like the World Economic Forum in Riyadh facilitate business deals through individual conversations.
The text discusses the importance of international cooperation, specifically in the energy sector, for economic growth.
The speaker, Mainelli, highlights the need for both Britain and Saudi Arabia to plan their energy transitions for a net zero world.
He also mentions geopolitical tensions and trade restrictions as barriers to global collaboration.
Mainelli suggests using ISO standards, such as those for artificial intelligence and space sustainability, to address these issues and enable mutual recognition of professionals working across borders.
The text discusses the importance of addressing three areas for businesses in today's complex world: geopolitical tensions, governance standards, and technology.
The author, Mainelli, emphasizes the need for businesses to understand and react to geopolitical tensions, as they can impact trade and peace.
However, businesses do not have a direct role in negotiations or military actions, so they should focus on supporting peace through trade.
Regarding governance standards, Mainelli stresses the importance of constantly working to improve them within organizations.
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Translated by AI
