Saudi – UK relations have always been important to both economies and continue to be so, and as such the Kingdom is the UK’s largest trading partner in the Middle East. The UK has also made clear that it wants to be a strategic partner to Saudi Arabia in Vision 2030 implementation.

  • The top UK exports to Saudi Arabia in 2014 were:
    • Transport related equipment
    • Power generating machinery and equipment
    • Medicinal and pharmaceutical products
    • General industrial machinery
    • Professional and scientific instruments
    • Road vehicles and parts
    • Foodstuffs and other consumables
  • Over 6,000 UK firms actively engage and export goods to Saudi Arabia.
  • The UK exported £7.34 billion of goods and services in 2015.
  • The United Kingdom is Saudi Arabia’s second largest cumulative investor, with approximately 200 joint ventures, which are estimated to be worth around £11.5billion.
  • Saudi Arabia is a high growth market which offers significant opportunities for UK companies across a range of sectors.
    • There are major projects in power, water, communications, transport and social infrastructure. In total this equates to around $440billion of investment.
    • Transport: $45billion allocated to develop Railway and Metro sector (EG: Saudi Landbridge & Metro projects in Riyadh, Jeddah and Makkah), new terminals in key airports provide opportunity too.
    • Water: Government investing $66billion to long-term capital investments over the next decade.
    • Health: $100billion to build new hospitals and upgrade skills over next 5 years.
    • Education accounts for over 25% of the total Saudi budget. Increased emphasis on vocational training.
    • Privatisation and PPP: this is a priority target under Vision 2030, creating new opportunities for UK professional advisors.
    • Energy sector: increased emphasis on renewables sector and new technologies.