ECONOMY

US, Saudi Arabia sign $110 bln arms deal to support Riyadh’s defense needs

Trump and the U.S. delegation sit down to meet with Saudi Arabia's King Salman and his delegation at the Royal Court in Riyadh. (Reuters)

Saudi Arabia and the United States has signed military deals worth $110 bln, a White House official said on the sidelines of President Donald Trump’s visit to Riyadh.

The arms deal package shows US commitment to the Middle East region and provides thousands of jobs for US defense industry, the official said.

“The package will support security of the Gulf Arab region against Iranian threats and regional terrorism,” the official was quoted by Reuters News Agency.

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Last Update: Saturday, 20 May 2017 KSA 16:50 - GMT 13:50
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