Riyadh - Mubasher: Saudi Arabia and the UK are expected to sign agreements that could be valued at as much as $100 billion during Crown Prince Mohammed bin Salman’s visit to Britain on Wednesday, 7 March.
The agreements will focus on boosting cooperation between the two countries in security, technology, and education sectors.
The visit aims to strength the relationship between the oil-rich kingdom and the UK, Arabian Business reported, citing Saudi foreign minister Adel al-Jubeir as saying.
British Prime Minister Theresa May and the Saudi Crown Prince will discuss possible plans to let Saudi Arabia take over more British firms, as well as increase its investments in the UK.
Earlier on Tuesday, bin Salam said that Saudi Arabia hopes that British firms find suitable investment opportunities in the world's top oil exporter after Brexit’s negotiations will end.
The UK will have big opportunities for investing in Saudi Arabia, the biggest Arab economy, after completing Brexit’s negotiations, The Telegraph newspaper reported, citing the Crown Prince as saying.
Saudi Arabia aims to be a key partner in the international economy via offering investments for countries that have plans to operate in the kingdom.
