The governments of the United Kingdom and Saudi Arabia have announced a new Military and Security Cooperation Agreement, signed in Jeddah by the Defence Secretary Sir Michael Fallon and the Saudi Crown Prince HRH Mohammed bin Salman.
Defence Secretary, Sir Michael Fallon said:
“The security of the GCC, of all Gulf Countries, is critical to UK security. I am delighted to have signed today with HRH the Crown Prince of Saudi Arabia a new Military and Security Cooperation Agreement between our two countries; this Agreement further cements the UK’s long standing relationship with our key Gulf partner.”
New estimates released by the children’s charity ‘War Child’ reveal that since the Saudi-led coalition began its intervention in Yemen, UK weapons companies including BAE systems and Raytheon have earned revenues exceeding $8bn from dealings with Saudi Arabia, generating profits estimated at almost $775m.
The UK government, however, has received just $40m of corporate tax, the report said.
According to the government:
“The agreement will promote cooperation between our two countries across the Defence and Security sectors, helping Saudi Arabia better protect her national security, including counter-terrorism, intelligence, training and education, medical services and logistics.”
Qatar recently signed an agreement to buy 24 Typhoon fighter jets from Britain while regional power Saudi Arabia and allies Bahrain, the United Arab Emirates and Egypt cut ties with Qatar earlier in the year, accusing it of backing extremism and fostering ties with their rival Iran.