London Mayor: We plan to invest in attractive projects in Saudi ‎Arabia

Nicholas Lyons, Mayor of the Financial District in London, said that the financial district has “wonderful” relations with the Gulf countries, especially with Saudi Arabia, as it always focuses on financial and related professional services, which include legal services such as compliance, risk management and technology, as well as financial services, banking sector and asset management.

According to Al-Arabiya, Lyons continued today, Wednesday: “The United Kingdom has a lot of experience in developing skills in these services, and financial technology is a wide field, and green and sustainable finance is another field, and both are closely related to Saudi Arabia because it moves over time from the economy.” carbon footprint to develop skills related to renewable technology and financial services as well.

“So I think there is a lot we can talk about with Saudi Arabia in terms of the possibility of investing in attractive projects in the Kingdom, and also the possibility of assisting with asset management from London for wealth funds in Saudi Arabia,” according to the Mayor of the Financial District.

Lyons said, “Saudi Vision 2030 is an interesting and wonderful project,” and there are several ways through which cooperation can be achieved, given that the Financial District has strong infrastructure funds, in addition to its long experience in the green and sustainable financing sector, in addition to the circular economy. ,

The mayor of the financial district indicated that a meeting he described as “fruitful” was held with the Royal Commission for the City of Riyadh to learn about the extraordinary plans for the Saudi capital.

Lyons expressed his surprise at the size of the plans and the common denominators between the cities of Riyadh and London, saying: “When we talk about the size of these plans for the city of Riyadh, they are much larger than any plans we have seen for the city of London, but many issues related to planning and implementation are considered convergent.”

He continued, “Therefore, we have common factors on points of interest to both parties, which we will discuss at the table and will be beneficial to the Kingdom, but we have a lot that we can learn from what is happening here in Saudi Arabia.”