Sam Coates, Chief Political Correspondent, in Riyadh
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Gordon Brown claimed success yesterday in his attempt to persuade Saudi Arabia to help stricken economies by pumping more money into the International Monetary Fund.
“The Saudis will, I think, contribute so we can have a bigger fund worldwide,” he said.
But he has also been warned not to treat Saudi Arabia as a “cash cow” because it already has its own plans to spend the billions generated by the oil price surge.
The Prime Minister did not reveal the scale of the Saudi pledge, saying that figures would be revealed at the summit in Washington in the middle of this month.
British officials have been urged by the Saudis not to make too large a claim on windfall profits made during the period of exceptionally high oil prices. Mr Brown previously called for hundreds of billions to be made available by Gulf states for countries whose economies are now in peril.
Privately Saudi officials have acknowledged that in recent decades the state has failed to invest in the country’s infrastructure and public services and now want to rectify this. They intend to invest in education and skills, as well as to improve the living conditions of ordinary families.
The domestic priorities of Saudi Arabia could well be put before helping Western economies, which have been put at risk by global economic turmoil.
“Saudi Arabia does not want to be seen as a milch cow,” said a senior British government figure. At a three-hour meeting with King Abdullah on Saturday night, Mr Brown secured his agreement to attend the summit on November 15 to discuss reform of the international financial system. The pair dined, then talked long into the night through an interpreter
Lord Mandelson, who was also at the dinner at the Royal Palace, said Mr Brown wanted to ensure that the Saudi King was “on the same page” over the causes of the financial problems and the solutions. “We are seeking ‘buy-in’ from Saudi Arabia and other Gulf states to the necessary response that we all need to make to the turmoil of the international financial system. If we don’t get that money we will fail,” Lord Mandelson said.
The economic downturn has made the West more dependent on the Gulf states because of the huge reserves of money they hold in sovereign wealth funds.
The visit comes days after Barclay’s Bank announced £3.5 billion of investment from Abu Dhabi’s ruling family and £2.3 billion from Qatar, where Mr Brown arrived yesterday afternoon. He is being accompanied by 27 business leaders from banking, energy and construction, who are looking to invest in the region.
Mr Brown said that, although Britain was “open for business”, he did not want Middle Eastern countries to try to use investment to gain political influence. “As long as they play by our rules and operate in a commercial manner, we welcome the investment of sovereign wealth funds,” he told reporters on the flight to Riyadh.
Until now, Middle Eastern investment in British business has proved relatively uncontroversial. This contrasts with the United States, where attempts in 2006 by the authorities in Dubai to buy a large stake in major ports were blocked by Congress, even though President Bush backed the measure. Opponents argued that the deal could pose a security risk.
Lord Mandelson said that the Saudis and other Gulf states would now expect a bigger role in global institutions in return for their investment. “These are the new kids on the block. And we can’t do this by simply paying lip service to these emerging economies. We have to treat them as equals.”
Mr Brown also struck an upbeat tone about the British economy on this trip. He said that borrowing could be allowed to rise because the Government had relatively low debt, adding: “Of course, we have also got low interest rates compared to previous world downturns, so the building blocks for a recovery are in place.”

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"I wonder if visa versa what would mr brown do i wonder how helpful was the west is to the east specially in their issues, Palestine, Iraq Moh Saudi"
Why do you people always use the discourse of grievance and shotgun resentments? Its impossible to communicate with you when all you do is blame.
Joe, Manchester,
Slimey Brown's claims of success make him look even more pathetic. The Oil Nations have been very busy investing their cash in markets weakened by the failures of Brown and Bush. He didnt achieve anything, because these investment were well underway. Brown is merely an opportunist, claiming glory.
Mike, Edinburgh, Scottish Republic
now we have some global mega socialisation fund? except now its for failed countries, i think that is what mervyn king would call a moral hazard is it not?
will, grimsby, uk
We could say, If the CNN and the Internet were available then, Colonialism would have ended sooner.
Al , Jackson, MS, USA
Brown's has no right to claim any credit for the Saudi's Washington visit They are far too sophisticated and culturally advanced to be treated in such a patronising manner
I wouldn't be surprised if the invite had gone out from the USA weeks ago. On debt Brown need to look at his figures again!
Robert D Marshall, LONDON, UK
Why does Brown do these mad antics with his hands when talking. Could it be, that he thinks it impresses us? Of course, he will reduce fuel tax as soon as he gets back. Yeah right! Just so you know myself and millions of others will never vote Labour again due to their record over the last decade.
Frederick, London, UK
saudi Arabia is kind country particularly with poor countries.Mr Brown visited and ask Saudi help is good example that saudi good country and kindness as well ,so saudi government is more chartable with under poor line countries also with Western countries .
Thanks Saudi Arabia for help
Hamad, Perth, Australia
that would be charlatan?
joe, tunstall, england
Brown goes to the Saudi's so they can bail out the IMF, so Brown can then go to the IMF and borrow money so we can get futher into debt. Surely, if banks and Labour managed their debts better we would not be in position
steve tea, manchester, cheshire
Brown is disingenuous when he claims credit for getting Saudi backing. It is not in the interests of Middle Eastern countries, already on the case, to see the collapse of World economies.
Labour pretends he is playing the international statesman for a domestic audience.
B.Garvie, Reading, England
And that delegation of 28 people is travelling round the Gulf on a British Airways Boeing 747 - an aircraft with approx seating for 291 people across all cabin classes.
Good to see our government taking environmental issues seriously.
KJ, London, UK
I wonder if visa versa, what would mr brown do,
i wonder how helpful was the west is to the east specially in their issues, Palestine, Iraq, and many.
the Gulf states kept the oil on an even level and pumped when others in opec & non opec reduced production for the sake of word economy.
Mohd, Dammam, Saudi
"Never trust a Man who talks with his hands !" -- G.D Flynn, Rotterdam/Hague, Netherlands
I think G.D Flynn is right, Mr Blair had the same hand actions as Mr Brown, either that or they appear to be talking to Jordan the glamour model.
Mohammed, London, UK
I seem to recall that some of our soldiers died for these people during the Gulf War.
From the Koran - There is no good in most of their secret counsels except (in his) who enjoins charity or goodness or reconciliation between people; and whoever does this seeking Allah's pleasure, We will give him a mighty reward.
Paul, London,
If the Saudis have failed to invest in their own infrastructure and public services "in recent decades" I doubt that they would have our interests at heart should they chose to invest here.
Des, Edinburgh,
Never trust a Man who talks with his hands !
G.D Flynn, Rotterdam/Hague, Netherlands
"We have to treat them as equals. Absolute twaddle. "Look up to and beg" is more accurate.
Mike, Huntingdon,
Winston Churchill must bet turning in his grave!
mark, Leeds,
Brown talks the usual rubbish , we only have to look at Berni Ecclestone affair. And we have been lucky that the Arabs have the oil, because most of the cost to us punters, comes from a Labour administration. What would the cost be, if Labour had total control. An army of pen pushes for a start.
A Walton, Leicester, England
Gordon Brown goes to Glenrothes and tells the electorate there:
Oil is a volatile resource you cannot run an economy on oil - don't trust the SNP.
He then gets on a plane and flies to the Oil Rich Gulf states to beg for help !
What a hypocryte - what a charlaton - Gordon Brown
john Yuen, Sutton, England
The Arabs ALWAYS want something in return.
I well remember Sharjah, in the United Arab Emirates, going "cap in hand' to the Saudi's in the 1980's.
In return for the favour, they asked that ALL alcohol be banned from Sharjah.....this ban is still in existence to this day
Watch out Britain.
Susannah, Hannover, Germany
Watch the hands. Says it all about the man. Irratic and false
Asw, Hong Kong,
For sale: one formerly great country, used and past its prime, bereft of moral and ideological principle, available for sale to the highest Arab bidder. Great potential for conversion to your religion of choice!
BlackJack, Toronto, Canada
Selling out to the Arabs, the Muslims must be rubbing their hands together......and the east took over the west.
Steve, Khobar, Saudi Arabia
Vandryver: The West is dependent on Arabia for oil, but Arabia is dependent on the West for just about everything other than oil. They already have their "pro quo". We're just talking about a little subvention to prevent the death of the goose that lays the golden eggs.
Allin Cottrell, Winston-Salem, USA
This IDIOT is turning the British into beggers while at the same time giving our cash to India, China and many more he only does it for show, the arabs must be laughing there heads off at Britain, if they do help they will get it back in increased oil prices, someone put Brown under house arrest.
Contax, Brigg, UK
From the First Law of Thermodynamics, you can't get something for nothing. So what is the quid pro quo, would Mr Brown care to tell us?
Dwight Vandryver, Scholar Green, UK
I would have thought that Brown would let the Saudis speak for themselves, rather than speaking for them.
Aaron, Kuala Lumpur, Malaysia
What a fine epitaph for the once proud British Empire - going cap-in-hand to a clutch of oil bearing Arabs.
Antonio, Estepona,
Brown is ignorant of Arabs, the Middle East and the World in general. This grandstanding by our Glorious Leader will lead to smiles, perhaps vague promises from the Saudis and nothing more. The Saudis will do what is best for them, not us. I wish our leaders would do the same!
Ben , London, England