The Saudi British Joint Business Council (SBJBC) met in a special session in London on 7 March 2018 on the occasion of the visit to the UK by HRH Prince Mohammed bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia.

HE Dr Majed Al Qasabi, Minister of Commerce, HE Mohammed Al-Tuwaijri, Minister of Economy & Planning and HE Eng. Ibrahim Al Omar, Governor of the Saudi Arabian Investment Authority (SAGIA) attended the meeting and updated members on recent reforms.

They drew attention to a number of initiatives that SBJBC had already taken to promote
knowledge and business exchange in key Vision 2030 sectors including privatisation
and SME development, and agreed the following:
Memorandum of Understanding between Council of Saudi Chambers,
British Chambers of Commerce and SAGIA to facilitate two-way trade and
Memorandum of Understanding between SBJBC UK and Institutional
Investor to promote deal flow and knowledge exchange in technology sector
investing between both countries
Further actions in support of SME development including SBJBC’s third SME
Partnership Forum in London on 24 April to bring together innovative Saudi
and British SMEs in smart cities, fintech, cyber security and e-commerce with
investors and supporting organisations.