Saudi Arabia, US sign massive $300 billion deals.
Introduction to Saudi-US Agreements
In a remarkable development, Saudi Arabia has announced the signing of agreements with the United States valued at over USD 300 billion. This significant announcement took place during the 2025 Saudi-US Investment Forum, held in Riyadh on May 13. Attended by US President Donald Trump, the event marked a pivotal moment in the longstanding relationship between the two nations.
Future Partnerships and Economic Ties
Saudi Crown Prince Mohammed bin Salman stated that the kingdom is actively pursuing additional partnerships worth USD 600 billion with the US. These efforts are a part of a larger ambition to deepen economic ties, following a trade history between the countries that amounted to USD 500 billion from 2013 to 2024. With more than 1,300 American companies operating within its borders, Saudi Arabia has solidified its position as the largest trading partner for the US in the region.
Presidential Praise and Economic Transformation
He commended the kingdom for diversifying its economy, notably through increased non-oil revenues, and recognized its evolving role as a global business and technology hub. Trump’s remarks reflect the growing strength of US-Saudi relations, highlighting a partnership that has flourished for over 92 years.
Saudi Arabia and the US Sign $300 Billion Deals – Key Highlights
- Historic Agreement: Saudi Arabia and the United States have entered into a landmark set of agreements valued at approximately \$300 billion, marking a significant milestone in bilateral relations.
- Defense Cooperation: A major portion of the deal includes defense and arms agreements, aimed at boosting Saudi Arabia’s military capabilities and regional security.
- Energy Sector Collaboration: The deals include joint ventures in energy, with a focus on oil, gas, and renewable energy technologies.
- Technology and Innovation: U.S. firms will invest in Saudi Arabia’s digital infrastructure, AI, and tech startups as part of Vision 2030.
- Job Creation: The agreements are expected to generate thousands of jobs in both countries.
- Strategic Partnership: This strengthens long-term diplomatic and economic ties.