LONDON: Bahrain and the UK finalized two major agreements on Thursday during an official trip to London by Crown Prince Salman bin Hamad Al-Khalifa.
During a visit to No. 10 Downing Street for talks with British Prime Minister Keir Starmer, the prince and his host oversaw the signing of a Strategic Investment and Collaboration Partnership, SIP2 for short, said to represent a renewed framework for two-way investment between their countries.
The agreement will enable £2 billion ($2.7 billion) of investment by Bahrain’s private sector in key UK sectors including financial services, technology, manufacturing and decarbonization, officials said. It was signed by Bahrain’s finance minister, Sheikh Salman bin Khalifa Al-Khalifa, and the British chancellor of the exchequer, Rachel Reeves.
The second deal was a Defense Cooperation Accord which, according to officials, aims to enhance interoperability and joint training between the nations’ armed forces, building on the foundations of an already strong naval partnership. It was signed by defense ministers, Lt. Gen. Abdullah Al-Nuaimi and John Healey.
During his discussions with Starmer, Prince Salman reaffirmed the strength of relations between their countries, which he said continues to grow under the leaderships of King Hamad and King Charles, the Bahrain News Agency reported.
