SAUDI ARABIA
UPDATE
'Political solution only way to end Yemen conflict': Saudi Crown Prince and PM May agree
ARAB NEWS | Published — Wednesday 7 March 2018
The Crown Prince held meetings with UK PM Theresa May at Downing Street during his three-day tour of the UK. (REUTERS)
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LONDON: Britain and Saudi Arabia set out an ambition to build 65 billion pounds ($90.29 billion) of trade and investment ties in coming years, the prime minister’s office said on Wednesday, calling the agreement a vote of confidence in the British economy ahead of Brexit.
“The meeting agreed a landmark ambition for around 65 billion pounds of mutual trade and investment opportunities over the coming years, including direct investment in the UK and new Saudi public procurement with UK companies,” a spokeswoman from Prime Minister Theresa May’s office said in a statement.
“This is a significant boost for UK prosperity and a clear demonstration of the strong international confidence in our economy as we prepare to leave the European Union.”
Prime Minister Theresa May discussed bilateral relations with Mohammed Bin Salman the Crown Prince of Saudi.
The meeting at 10 Downing Street was preceded by a meeting with the Queen Elizabeth at Buckingham palace.
The PM office released a statement detailing the discussion between the two delegations.
PM May and the Saudi Crown Prince agreed on the importance of working together to counter Iran’s destabilising regional activity.
On Yemen, London and Riyadh agreed on the importance of full and unfettered humanitarian and commercial access, including ports access. PM May agreed with Mohammed Bin Salman that a political solution is only way to end the conflict and humanitarian suffering in Yemen.
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