Saudi Arabia and the United States signed agreements and economic deals worth 280 billion dollars expected to create over hundreds of thousands of jobs in the two countries in the next coming years.
The agreements were signed in Riyadh, in the presence of Saudi King Salman and US President Donald Trump on his historic visit to Saudi Arabia. He was accompanied by a high-level political and economic delegation that includes the heads of the biggest US corporations.
On the financial side, the most important agreement was between asset management giant ‘Blackstone’ and the Saudi Public Investment Fund. The deal’s value is expected to rise to $350 billion over the next 10 years.
Here are the top 15 agreements between the two nations:
. Saudi Aramco: Deals worth $50 billion with US companies.
. General Electric signed construction and mining deals worth $15 billion.
. Raytheon in the gulf will develop air defense systems and smart weapons in Saudi Arabia.
. ExxonMobil and SABIC: Petrochemical production project agreements.
. Lockheed Martin: Support the assembly of 150 Blackhawk S-70 helicopters in Saudi Arabia.
. General Dynamics will enhance the localization design, manufacture and support of armored combat vehicles.
. Rowan Co.: Design of offshore drilling platforms with $7 billion.
. Nabors Industries expands $9 billion joint oil-drilling project.
. Aramco and National Oilwell: A new joint venture worth $6 billion.
. Weatherford: Projects worth $2 billion for localizing oilfield goods and services.
. Dow Chemical Company: Building a polymer production facility and research into other projects.
. Mcdermott: Memos worth $2.8 billion for localizing Aramco’s goods and services.
. Honeywell: Memos worth $3.6 billion for projects with Aramco.
. Aircraft purchase agreement between Saudi Airlines and Boeing.
. Jacobs Engineering: MOU worth $250 million in oil projects.
Saudi King Salman, Trump take part in traditional ardha danceSaudi Arabia's King Salman and United States President Donald Trump both took part in a tradition ardha dance at the King Abdulaziz cultural center ... Art and culture
Saudi singers pen songs in English in honor of Trump’s visit to RiyadhSaudi singers Majid al-Muhandis and Abdallah Rashad have both penned bi-lingual Arabic and English songs to mark the United States President Donald ... Entertainment
Trump, in address to Muslims, urges fight against terrorEven as his administration fights for its travel ban from several Muslim-majority countries, President Donald Trump is using the nation that is home ... Features
Saudi Royal Guards’ uniform grabs Donald Trump’s attentionUS President Donald Trump was greeted during his first visit to Saudi Arabia and the Middle East by a public ceremony in which Saudi heritage was ... Art and culture