Visit to Riyadh

My recent visit to Riyadh reaffirmed the strength of the UK–Saudi partnership in financial services and long-term investment.

At a time when global capital is seeking stability and growth, the Mansion House Accord—which mobilises tens of billions from UK pension providers into high-growth sectors—offers a compelling opportunity for Saudi investors to co-invest in the UK’s future. From infrastructure and technology to sustainable finance, the UK is open for business and ready to partner.

Saudi Arabia’s sovereign wealth funds and financial institutions are already playing a vital role in London’s capital markets, with bond issuances from Saudi entities on the London Stock Exchange reaching $67.6bn this year alone. This underscores London’s position as a global hub for debt issuance and financial innovation.

During my visit, I met with leaders from the Public Investment Fund (PIF), Gulf International Bank, and Franklin Templeton, and joined the UK Chancellor in strategic roundtables to explore new avenues for collaboration—from fintech and green finance to pension reform and regulatory best practice.