Saudi Arabia’s surge in investment has attracted 50 new British companies to establish regional headquarters, adding to more than 1,300 UK firms already active in the country. This move reflects the UK’s commitment to being a lasting partner in Saudi Arabia’s economic transformation, with trade between the two nations exceeding £17 billion and expected to grow alongside Vision 2030 initiatives.
A senior UK trade official highlighted the strong foundation of cooperation, emphasizing efforts to deepen ties and create quality jobs in emerging sectors. The UK-Saudi Strategic Partnership Council has played a key role in launching joint projects across economic and social sectors. One flagship initiative, the ‘Great Futures’ campaign, aims to boost trade, tourism, innovation, and cultural links, resulting in over 50 agreements and the creation of thousands of jobs.
The UK is aligning its expertise with Saudi priorities, especially in non-oil sectors such as energy, finance, clean technology, advanced manufacturing, digital innovation, healthcare, biotech, and creative industries. Recent collaborations include the launch of a Sustainable Infrastructure Assembly and partnerships like Phytome Life Sciences’ research bridge and university projects in AI-driven medicine.
British companies are increasingly involved in Saudi giga-projects like NEOM and the Red Sea Project, contributing specialized knowledge in sustainability and advanced materials. Notably, a Manchester-based firm is building a graphene-enriched carbon fibre plant, which is expected to create thousands of jobs and significant investment in both countries.
Clean energy cooperation is valued at £7.7 billion, supporting thousands of jobs. UK firms are also partnering with Saudi companies on carbon capture, sustainable cement, and infrastructure projects. In finance, Saudi bond and sukuk issuances consistently use the London Stock Exchange, underscoring strong trust in UK markets.
Looking ahead, a potential UK-Gulf Cooperation Council Free Trade Agreement could boost trade by 16 percent, further strengthening economic ties. The main challenge for UK businesses is understanding the Saudi market, which is unique within the Gulf region.
Future opportunities for UK firms lie in advanced manufacturing, innovative materials, creative sectors, digital technology, healthcare, biotech, tourism, and entertainment. As Saudi Arabia continues to deliver on Vision 2030, both countries stand to benefit from closer business collaboration and shared growth.