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Wednesday, 5 April 2017

Britain Offers to Help to Wean Saudi Economy Off Oil Dependency - Bloomberg

Britain Offers to Help to Wean Saudi Economy Off Oil Dependency - Bloomberg:

"U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the Saudi Ministry of Defense, and foreign and trade ministers from both nations will hold six-monthly meetings under an agreement to be sealed in Riyadh on Wednesday when the premier is due to meet King Salman bin Abdulaziz Al Saud. U.K. tax and privatization experts will also advise Saudi officials on how to diversify the country’s economy away from oil, according to a statement from May’s office."



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