Saudi Arabia & UK Sign MoU to Enhance Cooperation in Financial Services

Saudi Arabia and the UK on Tuesday signed a memorandum of understanding (MoU) to identify economic opportunities, exchange experiences, and enhance cooperation in the field of financial development and public finance services.

In London, Saudi Finance Minister Mohammed Al-Jadaan met with his British counterpart, Jeremy Hunt, to sign the MoU.

According to an official statement, the two ministers discussed bilateral ties, major global economic issues and the promising outlook of the Saudi economy.

Al-Jadaan, who is on a two-day visit to the UK, also held a meeting with Investment Minister Lord Johnson and discussed ways to enhance bilateral ties and cooperation in financial services between the two countries.

The Saudi minister also met investors and CEOs of British companies and briefed them about the promising outlook of the Saudi economy and the Kingdom’s ongoing plans for economic and financial reforms within the framework of Saudi Vision 2030.

Furthermore, His Excellency Aljadaan met with Nicholas Lyons, the Lord Mayor of London, to discuss public-private partnerships in the Kingdom. The two also talked about the Saudi Partnership’s and the Privatisation Programme’s potential. Later, representatives of businesses interested in the Kingdom’s rapidly expanding privatisation prospects and public-private partnerships met with His Excellency. ​

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