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British official: Trade pact to boost Saudi Arabia as global trade hub

British official: Trade pact to boost Saudi Arabia as global trade hub

The article highlights the importance of the free trade agreement between the United Kingdom and Gulf countries signed in May 2026, and how it will contribute to strengthening the Saudi economy and transforming it into a global hub for trade and investment. It points out that the agreement will facilitate doing business, reduce costs, and increase trade flows, with a focus on sectors such as clean energy, healthcare, financial services, and advanced manufacturing, all supporting Saudi Arabia's Vision 2030. The article also expects that Saudi Arabia will become the biggest beneficiary of the agreement by attracting investments and enhancing economic integration with Britain.

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