By working together, the UK cannot only help Saudi Arabia realise its ambitious vision but also secure new growth for both our nations, writes Lord Mayor Alastair King

With long eyelashes to protect its eyes from sand and humps that store fat for energy, the Kingdom of Saudi Arabia’s national animal, the camel, has adapted to thrive in the extremes of the Arabian desert.

Saudi Arabia itself is undergoing a dramatic transformation to adapt to our changing world. With the oil market rocked by global events and the move towards renewable energy signalling a long-term decline in demand, economic diversification has become a top priority for Gulf Cooperation Council (GCC) economies.

The International Monetary Fund projects that GCC economies will grow at a rate of 4.2 per cent in 2026, exceeding the global average of 3.3 per cent, with non-fossil fuel industries helping drive that remarkable growth.

The City is perfectly placed to support the Gulf nations

Thanks to our large and deep capital markets, world-class clusters of expertise, enabling regulatory environment, talented workforce, thriving innovation ecosystem,........

© City A.M.