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Saudi British Joint Business Council Intensifies Movements to Implement Economic Agreements

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  1. The SC

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    Saudi British Joint Business Council Intensifies Movements to Implement Economic Agreements

    Wednesday, 11 July, 2018 - 12:00
    [​IMG]

    Saudi British Joint Business Council revealed efforts and intensive activity to commence the requirements of translating economic agreements signed between Riyadh and London on the level of public and private sectors with the participation of the council.

    All the efforts fall under Saudi Vision 2030 amid expectations that the trade and investment volume between Riyadh and London reaches USD86 billion.

    Nasser Al Mutawaa, head of the Saudi British Joint Business Council, told Asharq Al-Awsat that the latest visit of Chancellor Philip Hammond to the kingdom is significant because it comes at at time when relevant ministries in both countries and the private sector assemblies are active in putting plans and timelines for the economic agreements signed lately between the two countries.

    Mutawaa added that the work that is ongoing to increase economic cooperation between the two countries with the participation of public and private sectors comes as an implementation of the obligations agreed upon in the joint statement issued during the historic visit carried out by Crown Prince Mohammed bin Salman to UK in the beginning of March.

    He affirmed that the activity conducted by the Saudi British Joint Business Council falls under the plan of the council to reinforce the joint strategic cooperation between Riyadh and London and work on hindering obstacles and facilitating investments and commercial trade.

    Mutawaa lauded that the Saudi and British parties currently seek to launch strategic partnerships that go in tandem with Saudi Vision 2030, affirming that the Saudi British Joint Business Council exerts effective efforts to attract British investments to the kingdom in which Riyadh is considered the first economic partner of UK in the Middle East.


    https://aawsat.com/english/home/art...ncil-intensifies-movements-implement-economic
     
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