Britain’s grand welcome for Saudi Crown Prince Mohammed bin Salman will begin on Wednesday with a lunch with Queen Elizabeth, as the two countries seek to widen longstanding defence ties into a far-reaching partnership.
Both sense an opportunity to broaden their existing relationship: Britain is looking for trading partners as it exits the European Union, and Saudi Arabia needs to convince sceptical investors about its domestic reforms.
But as Prince Mohammed and Prime Minister Theresa May meet, demonstrators will protest both countries’ roles in Yemen where war has killed an estimated 10,000 people and where 8.3 million people depend on food aid and 400,000 children have life-threatening levels of malnutrition.
Inside May’s Downing Street offices the two leaders will launch a “UK-Saudi Strategic Partnership Council” - an initiative to encourage Saudi Arabia’s economic reforms and foster more cooperation on issues such as education and culture, as well as defence and security.
“It will usher in a new era of bilateral relations, focused on a partnership that delivers wide-ranging benefits for both of us,” May’s spokesman told reporters.
Britain is vying to land the stock market listing of state oil firm Saudi Aramco, but no decision is expected this week, says a Reuters report.
Later this month Prince Mohammed visits the United States, which also wants the lucrative listing, although sources said both countries may miss out.
British officials were privately delighted at the decision by Prince Mohammed, 32, to choose Britain as the major western destination on his first foreign trip since becoming heir to the Saudi throne last year.
The British government is keen to transform its historic defence relationship into two-way trade and investment, eyeing both an expanded market in Saudi Arabia for service sector exports, and attracting Saudi cash to finance domestic projects.
Business deals are possible with British defence group BAE Systems and European weapons maker MBDA, and initial agreements could be concluded on gas exploration, petrochemicals and other industries, according to British and Saudi sources.
