Press-Release by: Foreign, Commonwealth & Development Office
Uk Foreign Secretary Liz Truss is using her visit to the Gulf to discuss new partnerships to invest in infrastructure in Africa and Asia.
On her 2-day trip to Saudi Arabia and Qatar, which began yesterday (Wednesday 20 October), the Foreign Secretary is looking to establish bilateral working groups with Gulf allies to deliver cleaner and more reliable infrastructure and much needed financing into developing and developed nations.
Truss wants more bilateral investment partnerships to drive forward the Build Back Better World Initiative, which was launched by G7 leaders at the Carbis Bay Summit in June to meet the huge infrastructure need in low- and middle-income countries after COVID-19.
Projects could, for example, include building water and energy networks, ports and roads.
Co-investing in infrastructure and economic development with friends and partners is a key part of the Foreign Secretary’s plan to deepen economic ties with allies and boost jobs and growth both in the UK and the developing world. The Foreign Secretary wants to explore with Gulf governments and investors how to move this ambition forward.
Her visit comes after the UK’s CDC Group, the FCDO’s investment arm, last week announced a partnership with Dubai’s DP World to modernise 3 ports in Senegal, Somaliland and Egypt.
Foreign Secretary Liz Truss said:
I want to work with like-minded partners to help provide clean and reliable infrastructure in the developing world.
This should be a win-win-win deal for the UK, the Gulf, and countries across Africa and Asia that will create jobs, improve lives, and benefit British and Gulf businesses operating in the region.