Riyadh - Mubasher: Saudi Arabia and Britain has agreed to carry out 200 common projects with a total value of nearly GBP 11.5 billion (SAR 57 billion).

It was reported that the projects will be mainly focused on cars and banking sectors, as reported by Al-Eqtisadiah.

The agreements were signed officially during the visit of the Saudi Crown Prince Mohamed Bin Salman to London.

The two countries are seeking to increase common trade and investments to GBP 65 billion ($90.3 billion).

Trade exchange between the two nations amounted to SAR 116 billion ($30.9 billion), between 2013 and 2017, as shown by the data of the Saudi General Authority for Statistics (GASTAT).