Riyadh Hosts GCC-UK Trade Summit 2021 on Tuesday

Riyadh Hosts GCC-UK Trade Summit 2021 on Tuesday

The biggest names from the region's business world will meet with top experts and decision-makers at the GCC-UK Trade Summit 2021 that will be hosted by Riyadh on Tuesday. They will meet virtually in the Saudi capital to discuss ways to boost bilateral trade and investment and take economic relations between the two regions to the next level.

The GCC-UK Trade Summit 2021 is the most important forum for businesses and investors from the Gulf Cooperation Council and the UK to connect with each other, exchange ideas and experiences, discuss investment opportunities and forge strategic partnerships.

The event aims to promote bilateral trade and facilitate foreign direct investment between the two regions by providing a platform for businesses on both sides to expand into new markets and explore collaboration opportunities.

As the GCC experiences a period of rapid growth and economic diversification, it is witnessing a corresponding upswing in its trade and economic relations with the UK.

This is evidenced by the fact that the Gulf region accounts for as much as $50.8 billion out of the estimated $57.2 billion annual trade between the UK and the Middle East.

The GCC-UK Trade Summit aims to further strengthen bilateral trade and investment ties and is envisioned