Britain and Saudi Arabia signed commercial deals worth more than $2 billion during Crown Prince Mohammed Bin Salman's visit to London which ended on Friday, a joint statement said, without providing details.
At the start of the trip, the countries set themselves a $90 billion trade and investment target for the coming years, with London looking for new post-Brexit markets for its services sector, and Prince Mohammed seeking to convince wary investors his country is a tolerant and modernising place.
The Kingdom is also exploring up to $89 billion in fresh investments in the UK.
The two countries also agreed a long-anticipated deal for 48 Eurofighter Typhoon fighter jets, worth some $6.9 Billion. The jets are munufactured by British company BAe systems.
BAe’s chief executive Charles Woodburn said “We are committed to supporting the kingdom as it modernises the Saudi Armed Forces”.
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Read more
Saudi crown prince meets business and religious leaders in London
Saudi Crown Prince to talk defence and security on last day of UK visit
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How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The view from The National
UAE currency: the story behind the money in your pockets
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