May, Mohammed bin Salman agree to counter Iran’s destabilizing acts in region

Britain‘s Prime Minister Theresa May greets Saudi Crown Prince Mohammed bin Salman outside 10 Downing Street in London, on March 7, 2018. (Reuters)

UK Prime Minister Theresa May and Saudi Crown Prince Mohammed bin Salman on Wednesday agreed on the importance of working together to counter Iran’s destabilizing regional activity, according to the UK Prime Minister‘s office.

May and Mohammed bin Salman also agreed that a political solution was the only way to end conflict and the humanitarian suffering in Yemen.

They also agreed on the importance of full and unfettered humanitarian and commercial access in Yemen, including through the ports, the Prime Minister‘s office said. 

$90.29 bln  trade and investment ties 

Britain and Saudi Arabia also set out an ambition to build $90.29 billion (65 billion pounds) of trade and investment ties in coming years, London said on Wednesday, calling the agreement a vote of confidence in the British economy ahead of Brexit.

“The meeting agreed a landmark ambition for around 65 billion pounds of mutual trade and investment opportunities over the coming years, including direct investment in the UK and new Saudi public procurement with UK companies,” a spokeswoman from Prime Minister Theresa May’s office said in a statement.

“This is a significant boost for UK prosperity and a clear demonstration of the strong international confidence in our economy as we prepare to leave the European Union.”

Last Update: Wednesday, 20 May 2020 KSA 09:56 - GMT 06:56