Saudi Minister of Finance holds meeting with British counterpart

Minister of Finance, Mohammed Al-Jadaan, held a meeting with UK’s Chancellor of the Exchequer Jeremy Hunt in London on Dec. 20.

The meeting discussed bilateral relations and aligned them with major global economic issues such as those raised by the G20, IMF and the World Bank. Both ministers also touched on the promising outlook of the Saudi economy.

It also witnessed the signing of a memorandum of understanding (MoU) between the two sides that aims to highlight opportunities, exchange experiences and enhance bilateral cooperation in the fields of financial development and public finance services.

During his two-day visit to the UK, Al-Jadaan met with the Minister of Investment, Lord Johnson, and discussed ways to enhance relations and cooperation in financial services between the two countries.

Courtesy of the Saudi-British Joint Business Council, the minister also met with potential investors and CEOs. They reviewed the promising outlook of the Saudi economy and the Kingdom’s ongoing plans for economic and financial reforms within the framework of Saudi Vision 2030.

Al-Jadaan also held a meeting with the Lord Mayor of London, Nicholas Lyons, where they both reviewed public-private partnerships (PPPs) in the Kingdom. The two also discussed the opportunities offered under the Saudi Privatization Program. Later, he met with representatives of companies interested in the rapid growth of privatization and PPP opportunities in the Kingdom.