The appointment by the UK of Ken Costa as Special Envoy for Vision 2030 and Sir Anthony Seldon as Special Envoy for Education of the UK Vision 2030 reinforces the importance attached by the UK to developing bilateral ties to strengthen communication bridges between the two peoples and provide closer opportunities for economic and social cooperation, the Kingdom of Saudi Arabia and the UK are committed to a long-term partnership to support the implementation of Vision 2030 in the areas identified in the Strategic Partnership program, including the assessment of joint investment opportunities including the UK Public Investment Fund, bilateral trade and investment that meet the Vision 2030 orientations.
In the trade and investment hub, the joint statement pointed out that the volume of bilateral trade between Saudi Arabia and the UK exceeds $5b annually. The meeting reviewed ways to further enhance cooperation, including encouraging mutual exports and attracting direct domestic investments, the two sides also discussed investment licenses granted to British companies, which are estimated to invest more than $ 10b in capital.
The committee discussed the work of the private sector groups, which was established in March 2018 to facilitate (B2B) relations, thus contributing to the achievement of the objectives of Vision 2030.
Source: Saudi Press Agency