Britain and Saudi Arabia target 65 billion pound trade and investment ties

08 Mar, 2018 10:35 am

LONDON (Reuters) – Britain and Saudi Arabia set out an ambition to build 65 billion pounds of trade and investment ties in coming years, London said on Wednesday, calling the agreement a vote of confidence in the British economy ahead of Brexit.

“The meeting agreed a landmark ambition for around 65 billion pounds of mutual trade and investment opportunities over the coming years, including direct investment in the UK and new Saudi public procurement with UK companies,” a spokeswoman from Prime Minister Theresa May’s office said in a statement.

“This is 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.”





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