The UK government is close to finalizing a £3 billion funding package with Saudi Arabia to invest in the North East of England. This investment, championed at the Great Futures summit in Riyadh, is part of a broader effort to strengthen economic ties between the UK and Saudi Arabia. The funding is expected to sustain approximately 2,000 jobs in the region. The initiative reflects the growing economic relationship between the two nations, highlighted by the involvement of entities such as the Cabinet Office. Additionally, the investment is linked to NUFC's Saudi ties, indicating broader implications beyond the immediate economic benefits.
UK launches major trade push in Saudi Arabia at Riyadh talks https://t.co/Hu4OEj2e3U
Can/should rugby accept money from Saudi Arabia if the opportunity presents itself? 🇸🇦
There's something funny going on with the Great Futures summit in Riyadh, billed as promoting economic ties between the UK and Saudi Arabia In this press release the @cabinetofficeuk says £3bn Saudi investment will help sustain some 2,000 jobs in the North East of England 1/4 https://t.co/Qr84WL5ByC
🚨💸 Understand that the UK government are close to agreeing a £3bn funding package for the North-East with Saudi Arabia. Here’s a deep-dive on what #NUFC’s Saudi links mean not just for the club, but the city. There’s more than silverware at stake. https://t.co/QdgZRygIlG
Government champions £3billion Saudi Arabian North East investment at Riyadh trade summit https://t.co/HBOdTRoGAD https://t.co/HBOdTRoGAD