Saudi Crown Prince and Prime Minister Mohammed bin Salman welcomed British Prime Minister Keir Starmer at Al-Yamamah Palace in Riyadh. The leaders engaged in extensive talks, focusing on strengthening Saudi-British relations, enhancing joint coordination, and exploring investment opportunities in both countries.

Starmer Stresses Economic Diplomacy

Ahead of his visit, Starmer stated: “The reason I am in the Gulf is to seek closer relationships to support our growth in every corner of the country. I am determined to ensure that international diplomacy drives GDP, whether that is discussing how we can support the UK’s regeneration or supporting trade deals that create jobs,” his office reported.

Riyadh Meeting Highlights Trade, Investment, and Bilateral Cooperation

Discussions between the Crown Prince and Starmer included advancing a potential free trade agreement with the Gulf Cooperation Council (GCC), strengthening defense and security partnerships, and fostering Saudi investments in the UK. The leaders also addressed key regional and international developments.

Strategic Investment: Graphene-Enriched Factory Project Announced

Starmer’s visit coincided with the announcement of a graphene-enriched carbon fiber factory in Saudi Arabia. This cutting-edge project is expected to create significant job opportunities in northern England, highlighting the growing industrial and technological collaboration between the two nations.

Warm Reception for Starmer and Delegation

The Crown Prince warmly received Starmer and his delegation, underlining Saudi Arabia’s commitment to strengthening ties with the UK. High-ranking Saudi and British officials participated in the talks, showcasing the depth of the partnership.

Expanding Saudi-British Vision for the Future

During his Gulf tour, Starmer emphasized the region’s untapped potential and its role in fostering innovation. Saudi Arabia and the UAE already play a significant role as major investors in the UK, and discussions focused on advancing cooperation in artificial intelligence, defense, and future-forward industries.

Building on Regional Diplomatic Efforts

Starmer’s visit to Riyadh followed a stop in the UAE, where he held discussions with UAE President Sheikh Mohammed bin Zayed Al-Nahyan. His regional tour reflects the UK’s strategy to deepen relationships in the Gulf and leverage these partnerships for mutual economic and technological benefits.

Shared Commitment to Growth and Innovation

The talks reaffirmed the shared commitment of Saudi Arabia and the UK to innovation, sustainable growth, and strengthened bilateral relations. Both nations aim to pave the way for impactful cooperation that drives economic and technological progress in the years to come.

this visit underscores the depth of relations between Saudi Arabia and the United Kingdom and the shared commitment to strengthening bilateral cooperation across various fields. Through strategic partnerships and future-focused initiatives, both nations are confidently advancing toward achieving mutual interests while fostering innovation and sustainable growth on regional and global levels.

Investment Facilitation in Saudi Arabia

Saudi Arabia places great emphasis on growing its economy and enhancing its investment appeal, aiming to become a leading destination for investors from around the globe. To achieve this, the Kingdom has established the Ministry of Investment, which is dedicated to creating a supportive environment that helps investors access opportunities and simplifies their business operations. Below are some of the key facilitation measures provided:

1. Advanced Economic Analyses

Provision of diverse and standardized economic data.

Preparation of analytical reports and feasibility studies.

Sharing information through databases to support informed decision-making.

2. Building Strategic Partnerships

Connecting with local commercial and industrial entities.

Strengthening collaboration with small and medium enterprises (SMEs) within the supply chain.

3. Organizing Field Visits

Arranging all logistical requirements for investors.

Coordinating meetings with government entities and relevant stakeholders.

4. Site Search Services

Providing specialized support for identifying suitable land and sites.

Linking investors with real estate agencies for site evaluations.

5. Facilitating Government Procedures

Offering guidance on licensing and visas required for starting businesses.

Coordinating with relevant authorities to streamline official processes.

6. Legal and Regulatory Support

Providing consultations on the appropriate legal structure for projects.

Collaborating with specialized agencies to establish businesses in Saudi Arabia.

7. Support for Human Resources and Media

Coordinating with recruitment agencies to meet investor needs.

Supporting marketing efforts, organizing conferences, and issuing press releases.

8. Engagement with Financial Entities

Exploring opportunities for financial support or partnerships with funding institutions.

Highlighting available incentives and support programs for investors.

9. Interaction with Regulations

Offering well-studied recommendations regarding regulations based on investor feedback.

Conveying investor perspectives to legislative authorities to enhance the business environment.

10. Resolving Operational Challenges

Providing support to address challenges that investors face during business operations.

By offering these tailored services, Saudi Arabia continues to establish itself as a global investment hub, fostering sustainable growth and creating long-term partnerships with international businesses.