14.05.2025 08:07
97
What agreements did the US and Saudi Arabia sign?
The United States and Saudi Arabia have reportedly signed "the largest arms deal in history" worth an estimated $142 billion.
Saudi Crown Prince Mohammed bin Salman welcomed US President Donald Trump and his delegation to an official ceremony at the Yamama Palace in Riyadh. Trump was offered traditional Saudi coffee and shook hands with a number of officials.
Following bilateral and delegation-level meetings, Trump and bin Salman signed a "Strategic Economic Partnership Agreement," which covers areas such as justice, healthcare, space, customs, and air transport.
Record in arms trade
The agreements include military modernization through cooperation between the American and Saudi defense ministries, as well as cooperation in the energy and defense sectors. US President Trump said that through this agreement he has committed $600 billion in investment in the country.
According to the White House, these agreements will strengthen energy security, defense industry, and technological superiority for the United States. The agreements are said to usher in a new "golden era" in US-Saudi relations.
The agreement will provide Saudi Arabia with state-of-the-art military equipment and services. It covers five areas: air force development, space capabilities, air and missile defense, border security, and information and communications systems upgrades.
Cooperation in the energy and space sectors
The US and Saudi energy ministries also signed an agreement to develop energy infrastructure. NASA and the Saudi Space Agency also agreed to collaborate on the CubeSat project as part of the Artemis II test flight.
Infrastructure and investments
DataVolt is said to be investing $20 billion in artificial intelligence data centers and energy infrastructure in the United States. Companies such as Google, Oracle, Salesforce and Uber are planning to make $80 billion in technology investments in the two countries.
Companies such as American Hill International, Jacobs, Parsons and AECOM are involved in the construction of major infrastructure projects in Saudi Arabia, such as King Salman International Airport and King Salman Park. GE Vernova is also supplying $14.2 billion in gas turbines, and Boeing is supplying $4.8 billion in aircraft for AviLease.
Healthcare and other sectors
Shamekh IV Solutions will invest $5.8 billion to build a high-capacity syringe solutions manufacturing facility in Michigan. The total investment exceeds $600 billion, making it the largest commercial deal in history between the two countries.
Saudi direct investment in the United States in 2023 was $9.5 billion, mainly in the transportation, real estate, and automotive sectors. In 2024, trade between the two countries reached $25.9 billion.
Bin Salman: We signed more than $300 billion worth of contracts with the US
During the conversation, bin Salman said, "We have 92 years of relations with the United States. Today, we are working on $600 billion in cooperation opportunities with the United States. The United States is the mainstay of our economic relations."
According to him, US-Saudi trade volume reached $500 billion between 2013 and 2024. A quarter of foreign investment in Saudi Arabia belongs to US companies.
Saudi Crown Prince Mohammed bin Salman welcomed US President Donald Trump and his delegation to an official ceremony at the Yamama Palace in Riyadh. Trump was offered traditional Saudi coffee and shook hands with a number of officials.
Following bilateral and delegation-level meetings, Trump and bin Salman signed a "Strategic Economic Partnership Agreement," which covers areas such as justice, healthcare, space, customs, and air transport.
Record in arms trade
The agreements include military modernization through cooperation between the American and Saudi defense ministries, as well as cooperation in the energy and defense sectors. US President Trump said that through this agreement he has committed $600 billion in investment in the country.
According to the White House, these agreements will strengthen energy security, defense industry, and technological superiority for the United States. The agreements are said to usher in a new "golden era" in US-Saudi relations.
The agreement will provide Saudi Arabia with state-of-the-art military equipment and services. It covers five areas: air force development, space capabilities, air and missile defense, border security, and information and communications systems upgrades.
Cooperation in the energy and space sectors
The US and Saudi energy ministries also signed an agreement to develop energy infrastructure. NASA and the Saudi Space Agency also agreed to collaborate on the CubeSat project as part of the Artemis II test flight.
Infrastructure and investments
DataVolt is said to be investing $20 billion in artificial intelligence data centers and energy infrastructure in the United States. Companies such as Google, Oracle, Salesforce and Uber are planning to make $80 billion in technology investments in the two countries.
Companies such as American Hill International, Jacobs, Parsons and AECOM are involved in the construction of major infrastructure projects in Saudi Arabia, such as King Salman International Airport and King Salman Park. GE Vernova is also supplying $14.2 billion in gas turbines, and Boeing is supplying $4.8 billion in aircraft for AviLease.
Healthcare and other sectors
Shamekh IV Solutions will invest $5.8 billion to build a high-capacity syringe solutions manufacturing facility in Michigan. The total investment exceeds $600 billion, making it the largest commercial deal in history between the two countries.
Saudi direct investment in the United States in 2023 was $9.5 billion, mainly in the transportation, real estate, and automotive sectors. In 2024, trade between the two countries reached $25.9 billion.
Bin Salman: We signed more than $300 billion worth of contracts with the US
During the conversation, bin Salman said, "We have 92 years of relations with the United States. Today, we are working on $600 billion in cooperation opportunities with the United States. The United States is the mainstay of our economic relations."
According to him, US-Saudi trade volume reached $500 billion between 2013 and 2024. A quarter of foreign investment in Saudi Arabia belongs to US companies.