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Saudi Arabia, UK agree $90bn cooperation agreement

Saudi Arabia, UK agree $90bn cooperation agreement
Saudi Crown Prince Mohamed Bin Salman is visiting the UK

Riyadh - Mubasher: Saudi Arabia and the United Kingdom have reportedly agreed to set a target of GBP 65 billion ($90.3 billion) for common investments and trade exchange in the coming years.

The announcement came during the visit of the Saudi Crown Prince Mohamed Bin Salman to the UK, and it has led the British government to consider the agreement a vote of confidence in the British economy, which is facing uncertainties ahead of the Brexit, as reported by Reuters.

The Crown Prince previously voiced his support for British companies to find suitable investment opportunities in Saudi Arabia, noting that large investment opportunities await in in the oil-rich nation.