A recent missile strike by Houthi forces on Saudi Arabia’s King Khalid International Airport in Riyadh has heightened tensions in the Gulf region and prompted the United Kingdom to increase its military support for the kingdom. The October 10 attack, which resulted in 13 fatalities and over 300 injuries, represented one of the deadliest assaults on Saudi soil in more than a decade.
In response, UK Defence Secretary Wes Streeting condemned the attack as “despicable” and announced the deployment of Royal Air Force Typhoon fighter jets to Saudi Arabia. The aircraft will assist in defending Saudi airspace against ongoing threats from drones and missiles. Analysts suggest that, should hostilities continue, the UK may expand its military involvement further, raising concerns about deepening engagement in an already volatile Middle Eastern conflict.
While geographically distant from the United Kingdom, Saudi Arabia holds strategic importance for London. The kingdom’s role as a major global energy supplier, coupled with its position securing Red Sea trade routes, directly impacts British economic interests. Disruptions to Saudi oil exports contribute to inflationary pressures and increased costs for UK businesses. Beyond energy, Saudi Arabia has become a significant source of trade and investment for Britain. Since 2017, Saudi investments in the UK have amounted to approximately $21 billion, with ambitions to nearly double bilateral trade to £30 billion by 2030 under the UK-Saudi Arabia Strategic Partnership Council. Key Saudi investors, including the Public Investment Fund (PIF), hold stakes in assets such as Heathrow Airport and Newcastle United Football Club.
The attacks come amid a challenging period for Saudi Arabia’s economy. Economic forecasts signal a deepening recession, with Oxford Economics projecting a 4.5 percent contraction in GDP for 2024—the steepest since the 1980s. This downgrade reflects expectations that Houthi assaults will curtail Saudi oil production by nearly 7 percent through 2028. The conflict has disrupted crucial infrastructure, including the East-West pipeline, vital for rerouting exports around the blockaded Strait of Hormuz. In addition, thousands of flights have been canceled, and Riyadh experienced extended school closures following the airport attack. Saudi Aramco, the state oil company, was compelled to evacuate personnel from its headquarters amid security concerns.
Experts highlight the significant strain on Saudi Arabia’s sophisticated air defence systems, which the Houthis have successfully penetrated. Andreas Krieg, a defence studies expert at King’s College London, described a palpable alarm within the Saudi leadership over the persistent security breaches. The instability has forced the postponement of high-profile events such as the “Davos in the Desert” conference, which draws prominent global investors, signaling doubts about the kingdom’s current ability to ensure safety for international gatherings.
The campaign of attacks also poses risks to Crown Prince Mohammed bin Salman’s Vision 2030 economic diversification plan. Michael Stephens, a senior associate fellow at the Royal United Services Institute, noted that ongoing insecurity undermines the stability necessary for the kingdom’s long-term development goals.
Additionally, Saudi Arabia’s overseas investment activities are retreating amid the turmoil. The PIF has scaled back international commitments, including withdrawing from the LIV golf tour and reducing portfolio investments abroad—the first major sell-off of foreign assets in years. Government officials and analysts attribute part of this retrenchment to a strategic reassessment influenced by regional security challenges.
For the UK government, support for Saudi Arabia presents a delicate balance. While maintaining regional security aligns with British economic and strategic interests, there is caution against becoming entangled in protracted Middle Eastern conflicts. As Krieg observes, London must prevent the kingdom from becoming a failed security environment without committing to an open-ended military engagement.
