Saudi, UK Deepen Ties With £360 Million in Joint Investments

Saudi Arabia and the UK announced more than £360 million ($484 million) in joint investment deals as the countries look to further boost economic ties and promote cross-border investment.

The agreements, unveiled at the Great Futures Summit in London, will support industries from financial services to technology and see the establishment of new funds to invest in the Middle East and North Africa, according to a statement on Wednesday.

Lexham Partners and the investment banking arm of Arab National Bank will launch a $200 million fund to back growth-stage companies in MENA.

Salica Investments plans to kick start a $75 ...