The diplomat acknowledged Zakaria’s hosting of several UK diplomats stationed in Jeddah since early 1980s at different plants that he managed.

Mohamed Shokat was given a detailed power point presentation about Ahmed Salem Bugshan Group and Saudi Steel — a leading steel manufacturer in the region that included comprehensive market data on global and regional steel and soft drinks industry.

The diplomat showed keen interest in Saudi Steel’s successful Saudization program.

Shokat was also briefed about financing of several projects by British banks to the tune of US $ 100 million while negotiations for another US $ 50 million financing is in final stage.