According to the report of Saudi statistics during 2016, the volume of trade exchange between the two countries was more than 17 billion riyals: the Kingdom's exports were more than 5 billion riyals, while the total imports from Britain were more than 12 billion riyals. The Kingdom is ranked 13th among the largest importers from Britain and ranked 47th among the exporting countries. The Kingdom exports to and imports from Britain many products. The date of signing the first treaty of friendship between the two countries goes back to 1915. The kingdom and the UK have several joint ventures. There are 374 existing British investment licenses in the Kingdom, with a total capital of about US $ 3.4 billion. The British partner's share is about $ 1.5 billion. British investments in total employ 4923 Saudis with an average monthly wage of SR 6,595. Most of these investments are concentrated in the industrial sector, especially in the field of power generation and chemical industries. In the area of close defense relations between the two countries, several agreements were signed, the most recent of which was signed in August 2006. It included a memorandum of understanding between the Government of the Kingdom of Saudi Arabia and the Government of the United Kingdom for the development of the Saudi Armed Forces and for the transfer and resettlement of technology and investment in defense industries in the Kingdom of Saudi Arabia and training of Saudi nationals in the field of aviation and the purchase of 72 Typhoon aircraft. In the field of cultural cooperation between the Kingdom of Saudi Arabia and the United Kingdom, the agreement of cultural and artistic cooperation between the two countries was signed in November 1975. In the context of the agreement, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, when he was governor of Riyadh region, inaugurated the Kingdom Exhibition between the past and the present day in the British capital from July 29 to August 10, 1986 to share with the British people the development of the Kingdom. King Fahd Educational College was inaugurated in London in September 1985 and the King Fahd Islamic Studies Chair was inaugurated in 1998. The agreement contributed to the opening of the mosque of the Custodian of the Two Holy Mosques and the Islamic Center in Edinburgh. The kingdom contributed 90% of the cost of its construction in the framework of its interest in the construction of the houses of God and the service of Islam and Muslims everywhere. The Center has become a great cultural monument and a cultural witness to the depth of friendly relations Between the Kingdom of Saudi Arabia and the United Kingdom and the strength of cultural and civilizational communication between the Arab and Islamic nation and Britain. --More 00:42 LOCAL TIME 21:42 GMT www.spa.gov.sa/w634890