UK Trade Secretary Jonathan Reynolds will meet Gulf state officials in Saudi Arabia on Monday to strengthen ties with the region ahead of a key investment summit in October. Discussions with the Gulf Cooperation Council, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, aim to secure a trade deal that could boost the UK economy by £1.6 billion ($2.1 billion).
The government hopes to attract significant investment at the upcoming International Investment Summit on Oct. 14, positioning the UK as a prime destination for sectors like technology, life sciences, and renewable energy. Gulf states, including Saudi Arabia and Qatar, are already key investors in the UK, but recent tensions, such as Abu Dhabi’s stake in Thames Water and Manchester City’s financial fair play hearing, have complicated relations.
Get your marketing campaign funded.
marketing aceletrator programme
Apply to our marketing accelerator programme to access funding and a network of specialists.
Get Your Website Designed & Funded
Website
Funding Programme
Apply to our website funding programme to get your business up and running - skipping financial barriers.
Impact on business owners: Strengthened ties with Gulf states could provide access to new investments, enhancing growth in key UK industries like finance, tech, and energy.
What do you think the impact is?
Get the impact hive newsletter
Get the most important business news in your inbox each week.
About Impact Hive
Fuelling innovative thinkers and removing barriers to drive impactful change
To drive innovative thinkers to the forefront of their industries, disrupting norms to usher in impactful change across multiple sectors, providing them with the tools, opportunities, and information needed for a brighter, innovative future.