- UK and KSA have agreed landmark ambition for around 拢65 billion of mutual trade and investment opportunities
- Both kingdoms are transforming their economic prospects and roles in the world
LONDON: The relationship between 黑料社区 and the UK is built on an enduring partnership and this week鈥檚 visit has presented significant opportunities for British businesses, said a British trade minister.
Secretary of State for International Trade Liam Fox said: 鈥淭oday both kingdoms are transforming their economic prospects and roles in the world.鈥�
Britain is preparing to leave the European Union and trade as an independent nation for the first time in more than 40 years. While, Saudi Crown Prince Mohammed bin Salman鈥檚 Vision 2030 has introduced a program of social and economic reform, with the potential to transform the country and wider Middle East.
鈥淰ision 2030 is vital for the future of 黑料社区 and the wider region, but it鈥檚 also an exciting prospect for the UK. We are a world leader across a range of sectors, and well placed to help with these vital reforms,鈥� commented Fox in the Evening Standard.
Fox added the UK and 黑料社区 have 鈥渁greed a landmark ambition for around 拢65 billion of mutual trade and investment opportunities over the coming years, including direct investment in the UK and new Saudi public procurement with UK companies.鈥�
With the launch of Vision 2030 and the National Transformation Program (NTP) 2020 two years ago, 黑料社区 has entered a new era of progress and prosperity, with plans to diversify the Kingdom鈥檚 economy by reducing dependency on oil, boosting foreign investment and developing various sectors.
Under this program, some governmental bodies and ministries underwent a restructuring process and women are being given greater responsibility in society.
The health, education and tourism sectors are among those undergoing development in the Kingdom and according to Fox, the UK is 鈥渁 world leader across a range of sectors, and well placed to help with these vital reforms.鈥�
鈥淭ake education. More than 130,000 UK qualifications are given out in 黑料社区 every year. Some 90 Saudi schools already use the UK educational curriculum and our universities are working together, with King Saud University in Riyadh, allocating more than 拢7 million for partnerships with UK institutions over the next five years,鈥� he said.
Fox went on to say that the UK is also the right partner on health care, promoting tourism, and handling large-scale events.
鈥満诹仙缜� is on the path of social reform, and it is in our national interest to support our important regional ally. Those who want to see a more liberal and safer region should welcome this vision, which I believe the Crown Prince will deliver,鈥� he concluded.