Saudi Arabia and US sign agreements worth $280 billion

Donald Trump and King Salman sign agreements that is said to positively impact both countries. (Supplied)

Saudi Arabia and the US signed cooperation agreements worth $280 billion during an American-Saudi summit held at the Yamamah Palace in Riyadh on Saturday.

The agreements signed by King Salman and US President Donald Trump will provide hundreds of thousands of jobs in both countries, and they pertain to military, commercial, energy and petrochemical fields.

One of the deals signed was with the Saudi company, Aramco. King Salman and Trump also signed a petrochemical investment agreement to establish an ethylene factory in the US. They also agreed to cooperate on developing apps related to healthcare.

They also signed a deal with General Electric and a deal in the field of generating energy.

Three cooperation agreements were signed in the mining field between the two countries.

They also signed an aircraft purchase agreement and an agreement in the real estate investment field.

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Last Update: Wednesday, 20 May 2020 KSA 09:50 - GMT 06:50
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