DOHA, Nov 20 (Bernama-Sputnik/RIA Novosti) — The value of contracts signed between the United States and Saudi Arabian companies this year reached approximately US$575 billion after new deals were announced this week, according to Saudi Investment Minister Khalid Al-Falih, reported Sputnik/RIA Novosti.
Saudi Crown Prince Mohammed bin Salman paid a two-day official visit to the US, where he participated in an investment forum attended by business representatives and companies from both countries.
“242 new agreements were announced between Saudi and American companies worth approximately US$267 billion, bringing the total value of agreements between Riyadh and Washington to approximately US$575 billion, including the US$307 billion worth of agreements signed in Riyadh in May,” Al-Falih told the Al Ekhbariya broadcaster on Wednesday.
According to the minister, the strategic partnership agreement between the two countries, signed during US President Donald Trump’s visit to Riyadh, provides the Kingdom with opportunities to participate in and gain experience in advanced US technologies not available to all countries.
Al-Falih believes these new investment opportunities will have a positive impact on the Saudi economy in various areas and improve the lives of its citizens.
— BERNAMA-SPUTNIK/RIA NOVOSTI