Bahrain signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state's private sector invest 1 billion pounds ($1.3 billion) in Britain, the Bahraini crown prince's social media account said on Monday.
The investments will be through Bahraini sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group, and Osool Asset Management.
Crown Prince Salman bin Hamad Al Khalifa met with British Prime Minister Rishi Sunak in London on Monday.
Prince Salman highlighted the deep-rooted relationship between the two kingdoms, which is based on solid foundations that go back more than 200 years.
He stressed Bahrain’s steadfast commitment to strengthening bilateral collaboration in support of the Kingdom’s comprehensive development goals, led by King Hamad bin Isa Al Khalifa.
Prince Salman underscored the UK’s role, alongside the Kingdom’s allies, in maintaining international security and stability.
The officials discussed ways to boost bilateral relations between them. They also reviewed regional and international affairs.
Prince Salman and Sunak witnessed the signing of the MoU.
It was signed by the Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa, and the UK’s Minister for Investment, Lord Dominic Johnson of Lainston CBE.
