UK is ‘actively seeking’ Gulf investors, says trade minister

“Britain is back and Britain is open for business,” UK trade minister Douglas Alexander has told AGBI. 

In an interview at the Future Investment Initiative summit taking place this week in Riyadh, Alexander said the Labour government’s budget on Wednesday would seek to “raise the level of investment in the UK economy”.

“The kind of investments we have seen from the UAE and Saudi Arabia is certainly something we would be encouraging in the years ahead,” he added.

The minister said that while he was in Saudi Arabia, he was sending a clear signal that the UK government is “actively seeking inward investment” from the Gulf’s “globally mobile capital investors”.

Watch the full interview above to hear more from Douglas Alexander