This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

FM focus included in Chancellor's visit to Saudi Arabia

10 July 2018

Chancellor Philip Hammond visited Jeddah, Saudi Arabia, over 8 and 9 July as part of the UK government's support of the country's Vision 2030 agenda.

In addition to meeting Saudi government ministers, Mr Hammond also witnessed the signing of an FM contract of particular relevance to the ongoing collaboration with the UK.

The contract in question was between the Soliman Fakeeh Hospital group and Serco, with a value of £27m.

This also ties in with the discussions of the PFM Editorial Advisory Board, which has called for more government attention for the FM sector to assist in the drive to gain more recognition for the industry.

It follows increased effort between the UK and Saudi Arabia in support of the latter's Vision 2030 plan to create more economic diversification and drive social reforms, including trade and investment opportunities for both parties.

During the recent visit, Mr Hammond also met with British businesses based in Saudi Arabia.

His visit follows that of Crown Prince Mohammed bin Salman to the UK in March this year.

This resulted in a joint commitment to establish Private Sector Groups with the aim of creating $100bn trade and investment opportunities over the next decade, with $30bn invested in the UK.

Private Sector Groups co-chairs Catherine McGuinness and Gerry Grimstone joined Mr Hammond in Saudi Arabia, along with UK Government Investments chief executive officer Mark Russell.

Print this page | E-mail this page


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Long-term, sustainable, FM service delivery

Speaking after his company’s first six months in business, Martyn Freeman explains its focus on staff and working openly and honestly with clients.Full Story...

Pictures of the PFM Partnership Awards 25th anniversary evening

PFM Awards 2018 trophy presentations

Winners of the PFM Awards 2018