In a bid to further integrate onto the international stage, Saudi Arabia looks set to talk up the prospect of a deal between Saudi and the UK, post Brexit.
As the middle eastern powerhouse continues its reforms under Prince Mohammed bin Salman, further links between the nation would ‘benefit citizens of both,’ according to, Adel al-Jubeir, the Saudi embassy to the UK.
Look forward to welcoming Saudi Crown Prince Mohammed bin Salman to UK – an opportunity for constructive foreign policy discussions and to offer UK support for his programme of reforms to create a more inclusive and diverse Saudi Arabia #CrownPrinceVisit https://t.co/U85qDTCBgF
— Boris Johnson (@BorisJohnson) 27 February 2018
Speaking ahead of Prince bin Salman’s visit to the UK tomorrow, al-Jubeir said: “The British and Saudi people, along with the rest of the world, will be much safer if you have a strong relationship with Saudi Arabia.”
$2 trillion company heading to London?
The visit will also see the fate of Aramco IPO – the state-owned oil company – decided, with trade delegates hopeful Prince bin Salman will pick London over New York or Hong Kong.
The move is part of Vision 2030, Prince bin Salman’s project to diversify the Saudi economy away from oil, by allowing foreign investment into previously state-owned businesses.
Bankers and analysts say Riyadh needs to list Aramco on either New York or London to show it is serious about its economic reforms and a willingness to attract foreign investment after an anti-corruption crackdown last November that led to the detention of several businessmen unnerved some investors.
“If the Aramco deal is going to have any credibility a listing on either New York or London has to happen,” said a senior Gulf-based banker familiar with the IPO process.
“Anything else will not cut it for international investors, in terms of transparency and corporate governance.”
‘A more moderate Islam’
Touching on planned protests against Saudi involvement in Yemen, al-Jubeir claimed the issues from protesters were based on ‘false assumptions.’
Saudi Foreign Minister defends his country’s decision to go to war in Yemen. Adel al-Jubeir, says anybody planning to protest against tomorrow’s visit to the UK by the Saudi Crown Prince should turn their criticism on the Houthi rebels instead #r4today pic.twitter.com/CFyU4ahKX3
— BBC Radio 4 Today (@BBCr4today) 6 March 2018
A new Saudi?
This week, prince Bin Salman met with the head of Coptic Christians in Egypt, a statement that would have seemed beyond parody a few years ago.
— حسن سجواني 🇦🇪 (@HSajwanization) 5 March 2018
The prince has legalised driving for women, relaxed legislation on female’s in the work place, and has promised the next generation of girls will be as formally educated as their male family members.
The reforms are part of Vision 2030, and a pressing concern that almost 50% of Saudi families are reliant on the government for financial support; something which the prince hopes will be eradicated with wide-scale change to the Islamic nation.
— Naila Inayat (@nailainayat) 5 March 2018