Chancellor Unlocks £6.4BN of Trade and Investment Deals
British business and jobs are set to benefit from a £6.4 billion boost after Chancellor Rachel Reeves helped secure a major two-way trade and investment package during a landmark visit to Saudi Arabia.
The growth-driving deals came as the Chancellor led the largest UK delegation ever to the Future Investment Initiative (FII), as the UK government steps up efforts to deepen ties with the region, secure a trade agreement and ramp up Gulf investment.
- Up to £5 billion in financing support from UK Export Finance for projects in Saudi Arabia
- A new Barclays regional headquarters in Riyadh
The package will unlock supply contracts for British suppliers.
No specific quote available.
Author's summary: Chancellor Rachel Reeves secures £6.4 billion trade boost.