In a strategic move to bolster the United Kingdom's economic and diplomatic ties with the Gulf region, Prime Minister Keir Starmer is scheduled to visit Saudi Arabia and the United Arab Emirates (UAE) in December 2024. This visit marks Starmer's first official trip to the Gulf since the Labour Party's electoral victory in July 2024.
Objectives of the Visit
The primary aim of Prime Minister Starmer's visit is to attract substantial investments from Gulf sovereign wealth funds into the UK economy. Discussions are expected to focus on securing funding for key sectors, including energy and infrastructure projects. Notably, the Sizewell C nuclear power plant is anticipated to be a significant point of interest during these talks.
Strengthening Diplomatic Relations
Beyond economic engagements, the visit seeks to reinforce diplomatic relations between the UK and the Gulf nations. This initiative is part of a broader effort to reset and enhance ties with the UAE, following previous strains under the former Conservative government. Additionally, there are indications that Saudi Crown Prince Mohammed bin Salman may visit London in 2025, signaling a mutual interest in deepening bilateral relations.
Trade Relations and Economic Impact
The Gulf region holds significant economic importance for the UK, with trade between the UK and Gulf Cooperation Council (GCC) countries valued at approximately £57 billion. The UK government estimates that a free trade agreement with the GCC could boost the British economy by £1.6 billion over the long term. Prime Minister Starmer's visit is expected to advance negotiations toward such an agreement, aiming to open new avenues for trade and investment.
Addressing Regional Issues
During his visit, Prime Minister Starmer is also expected to engage in discussions on pressing regional issues, including the ongoing conflicts in Gaza, Israel, and Lebanon. These dialogues underscore the UK's commitment to playing a constructive role in Middle Eastern affairs and contributing to regional stability.
Domestic Considerations
While the visit underscores the UK's proactive approach to international relations, it has also sparked discussions domestically. Some Labour Party figures have expressed concerns regarding the amount of time Prime Minister Starmer has dedicated to international travel since assuming office. Balancing international engagements with domestic responsibilities remains a focal point for the Prime Minister's administration.
Conclusion
Prime Minister Keir Starmer's forthcoming visit to Saudi Arabia and the UAE represents a concerted effort to strengthen the UK's economic and diplomatic ties with the Gulf region. By seeking substantial investments and engaging in critical regional discussions, the UK aims to reinforce its presence and influence in the Middle East, fostering mutual growth and stability.
