Bahrain signs deal to invest $1.3bn in UK economy

Bahrain has signed a memorandum of understanding on strategic investment and cooperation with the UK, under which the Gulf state's private sector will invest £1bn ($1.3bn) in the UK.

The investment will be made through Bahrain's sovereign wealth fund Mumtalakat, Investcorp, GFH Financial Group and Osool Asset Management.

Prince Salman highlighted the deeply rooted relationship between the two kingdoms, which is based on a solid foundation dating back over 200 years.

He stressed Bahrain's unwavering commitment to strengthening bilateral cooperation in support of the Kingdom's overarching development goals, led by King Hamad bin Isa Al Khalifa.

Prince Salman stressed the role of the UK, along with the Kingdom's allies, in maintaining international security and stability.

The officials discussed ways to intensify bilateral relations between them. They also considered regional and international affairs.

Prince Salman and Sunak witnessed the signing of a Memorandum of Understanding. It was signed by Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, and Lord Dominic Johnson of Lainston CBE, UK Minister for Investment.