UK and Saudi Arabia Announce Joint Investment, Creating 100 New UK Jobs

A new joint investment of over £360 million between the UK and Saudi Arabia is set to create more than 180 new jobs, with nearly 100 of those positions being in the UK. The announcement was made by Business Secretary Jonathan Reynolds at the GREAT FUTURES Summit in London.

The new capital will primarily support the UK’s burgeoning clean energy and professional and financial services sectors, underscoring a “major vote of confidence” in the UK economy. This latest investment builds on the success of the GREAT FUTURES campaign, which has facilitated over £3.7 billion in deals and created more than 4,100 UK jobs since its launch in 2024.

According to the Business Secretary, this partnership is a key component of the government’s modern Industrial Strategy. The GREAT FUTURES Summit served as a platform for C-suite executives from both nations to foster collaboration and unlock new growth opportunities aligned with the UK’s Industrial Strategy and Saudi Arabia’s Vision 2030.

Notable investments into the UK include Alfanar establishing its new UK Headquarters in London to create a global hub for its transport decarbonisation business. Additionally, International Investment Gate (IIG) is opening its European HQ in the capital to manage its UK assets and a new property fund. These developments demonstrate a thriving and growing partnership between the two countries.

Business and Trade Secretary Jonathan Reynolds said:

Britain is a thriving business hub, and today’s new investment announcements are not only a major vote of confidence in our economy but demonstrate our thriving partnership with Saudi Arabia.

Our modern Industrial Strategy is giving investors the confidence they need to plan not just for the next year, but for the next 10 years and beyond – helping to create economic growth as part of our Plan for Change.