Britain secured £6.4 billion in trade agreements with Saudi Arabia after Finance Minister Rachel Reeves visited Riyadh to strengthen economic ties with Gulf nations. These trade agreements provide a major boost to the UK’s economic relationship with Saudi Arabia.
The package includes £5 billion in export finance from UK Export Finance. This funding will actively support projects within Saudi Arabia and help British companies win contracts. The government expects UK firms to expand their operations in the Saudi market thanks to this financial backing.
In addition to export finance, major financial institutions signed multi-million-pound investment deals. Aberdeen Investcorp, Barclays, and HSBC participate in these agreements. UK artificial intelligence firm Quantexa also joined, highlighting the diversification of sectors benefiting from these trade agreements.
Officials stated that the agreements create opportunities for British companies to grow in key industries such as finance, AI, and infrastructure. They stressed that the partnerships will enhance bilateral cooperation, encourage knowledge sharing, and attract further investments in Saudi Arabia.
The Riyadh meetings reinforced long-term collaboration on technological innovation and sustainable projects. The UK will strengthen its presence in renewable energy, digital infrastructure, and advanced manufacturing sectors. As a result, these trade agreements should generate jobs, support economic growth, and improve bilateral trade flows.
Furthermore, the agreements highlight the UK’s strategic commitment to the Gulf region. By expanding financial support and investment partnerships, Britain strengthens commercial ties and fosters mutually beneficial economic development. These efforts align with Saudi Arabia’s Vision 2030, which aims to diversify the economy and attract international expertise.
Experts said the agreements reflect growing confidence in UK–Saudi business relations. They emphasized that combining export finance with multi-sector investments can drive sustainable economic growth for both nations. Moving forward, British firms will leverage these trade agreements to enter new markets and strengthen their regional presence.
Overall, the £6.4 billion package marks a major achievement for the UK. By actively supporting British businesses, diversifying investments, and promoting innovation, the agreements signal a new era of economic cooperation between the UK and Saudi Arabia.
