New $484 million joint investment promises 187 jobs across U.K. and Saudi Arabia.

Over 180 new jobs are anticipated to be created in the U.K. and Saudi Arabia as a result of more than GBP360 million ($484 million) of new joint investment, Business Secretary Jonathan Reynolds has announced.

The Business Secretary confirmed this fresh investment and welcomed Saudi Arabia as a vital partner in the government’s modern Industrial Strategy at the GREAT FUTURES Summit in London. The event brought together hundreds of C-suite executives aimed at enhancing trade and investment between the two countries, thereby unlocking new avenues for growth.

The new investments are projected to generate 187 jobs across both nations, with 97 positions based in the U.K., supporting the clean energies and professional and financial services sectors. The GREAT FUTURES campaign has enabled both nations to concentrate on collaborative opportunities under the U.K.’s modern Industrial Strategy and Saudi Arabia’s Vision 2030.

New investments exceeding GBP150 million into the U.K. include Alfanar launching its new U.K. Headquarters in London, establishing a global hub for its transport decarbonization business, and International Investment Gate (IIG) opening its European HQ in the capital to manage U.K. assets and a new property fund.

This initiative builds on over GBP3.7 billion worth of deals secured since the launch of GREAT FUTURES in May 2024, which has created over 4,100 jobs in the U.K., showcasing the thriving trade and investment partnership between the U.K. and Saudi Arabia.

Business and Trade Secretary Jonathan Reynolds stated, “Britain is a thriving business hub, and today’s new investment announcements are not only a major vote of confidence in our economy but demonstrate our thriving partnership with Saudi Arabia.

The recent U.K.-Saudi investments include:

Alfanar launching its new U.K. headquarters in London, establishing a global hub for its transport decarbonization business. The office will deliver GBP94 million of investment, creating 80 skilled jobs to support the GBP2 billion Lighthouse Green Fuels project in Teesside, which is set to become the world’s largest Sustainable Aviation Fuels facility.

Lexham Partners and ANB Capital launching the first institutional $200 million Middle East and North Africa (MENA) Growth Fund focused on the second round of investors to back the region’s most promising growth-stage tech companies.

IIG opening its European HQ in London, expanding to a 17-member team. The office will oversee GBP550 million of U.K. assets under management, alongside a new GBP60 million U.K. property fund.

Global insurance intermediary group Howden launching a reinsurance business in the Kingdom of Saudi Arabia, in what will become a multi-million-pound investment that will potentially create up to 30 jobs as the company continues to expand its global footprint to 56 countries.

Control Risks establishing a Regional HQ in Riyadh that will employ over 50 people in the Kingdom, focusing on developing Saudi talent.

London-based venture capital firm Salica Investments launched the $50 million Salica Oryx Fund I in 2021, aiming to deploy 50 percent of the fund’s capital in Saudi Arabia—exclusively investing in the best early-stage technology companies. As of September 3, 2025, 13 of the fund’s portfolio companies have commercial registration and operations in Saudi Arabia. Later this year, Salica Oryx will launch a second $75 million fund to continue the success and regional impact of its predecessor focused on MENA.

SURJ Sports Investment, a leading sports investment company, acquiring a minority stake in DAZN, the global leader in sports entertainment. SURJ and DAZN are committed to the unifying power of sports by making world-class sports rights available globally.

HSBC Saudi Arabia announced in 2024 that it will relocate its headquarters to the King Abdullah Financial District in Riyadh. The new office is expected to be ready by the end of this year and will place the bank at the heart of Saudi Arabia’s Vision 2030 financial hub.

The University of Strathclyde announced a statement of intent to open the first U.K. university physical presence in Saudi Arabia, in partnership with Princess Nourah University.

Source: Economymiddleeast