UK Second Largest Foreign Investor in Saudi Arabia, Investment Minister Says

Riyadh: A panel session was held today as part of the Great Futures Initiative Conference at the King Abdullah Financial District, which brought together Minister of Investment Eng. Khalid Al-Falih and United Kingdom (UK) Minister for Business and Trade Lord Dominic Johnson. Al-Falih underscored the deep-rooted Saudi-British relations, as the UK is the second largest foreign investor in the Kingdom with approximately $16 billion in investment shares. 'The investment sector relies heavily on banks and economic ventures in the financial field," Al-Falih said, indicating that the Kingdom has the fastest growing economy over the past six years. For his part, the British minister hailed the Kingdom's achievements in expanding joint economic ventures, noting that economic cooperation between the two countries will continue for many decades to come. He also explained that economic cooperation between the two kingdoms demonstrates the depth of relations and cooperation, as the UK is keen to participate in Saudi A rabia's development. The UK minister also commended the remarkable development in the Kingdom and the ease of access to investment in the Saudi market, citing the exceptional opportunities for British investors in Saudi Arabia. Source: Saudi Press Agency

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