White House proposition about Saudi Arabia’s “historical investment” in America

According to RCO News Agency, the White House published a statement on Tuesday, detailing US President Donald Trump’s $ 2 billion agreement with Saudi Arabia to invest in the United States.

During today’s trip to Riyadh, the two countries signed agreements on energy, defense and minerals.

The Selection of the White House proposition is as follows:

The first contracts reinforce the energy security, the defense industry, technology leadership, and access to global infrastructure and vital resources. Today’s contracts are historical and transformative for both countries and are the beginning of a new golden age of partnership between the United States and Saudi Arabia.

Some of the most important approved contracts in Saudi Arabia include:

– Saudi Datavolt plans to invest $ 5 billion in artificial intelligence and energy infrastructure centers in the United States.

– Google, Datavolt, Oracle, Salesforce, AMD and Uber companies will invest $ 5 billion in transformational technologies in both countries.

– Famous US companies such as Hill International, Jacobs, Parsons and AECOM will build key infrastructure projects including Malek Salman International Airport, Malek Salman Park, etc., which cover $ 5 billion of US export services.

– Other major exports include gas turbines and GE VERNOVA energy solutions worth $ 1.5 billion and Boeing 2-5 passenger aircraft for Avilease worth $ 1.5 billion.

– In the health sector, Shamekh IV Solutions plans to invest $ 1.5 billion.

According to the report, the strategic partnership between the United States and Saudi Arabia over the past eight decades has been ongoing since the historic visit of King Abdulaziz al -Saud and President Franklin Roosevelt over the USS Quinty ship deck – which was celebrated this 80th anniversary this year.

Saudi Arabia is one of the largest trade partners in the United States in the Middle East. Saudi Arabia’s direct investment in the United States was over $ 1.5 billion in year 2, most of which included transportation, real estate and automotive. In year 2, the volume of commodity trade between the two countries reached $ 1.5 billion, including US $ 1.5 billion and $ 1.5 billion in imports from Saudi Arabia. The trade balance surplus in the US favor was $ 5 million.

The United States and Saudi Arabia are committed to deeper economic interaction by focusing on expanding cooperation in the areas of health, energy and science.

The US Department of Energy and the Saudi Ministry of Energy have signed an agreement to cooperate on energy infrastructure. This cooperation will focus on innovation, development, financing and implementation of energy projects.

The Saudi Ministry of Industry and Mining Resources and the US Department of Energy have signed a memorandum of understanding on mines and mineral resources that contribute to economic development and strengthening vital mineral supply chains.

The proposition said that the Saudi and NASA Space Agency has agreed to launch the Saudi Kubtast on NASA’s Artemis II trial mission. The satellite will collect data on space in the circuits away from Earth.

The two countries have agreed to modernize air transport that allow US airlines to carry the cargo between Saudi Arabia and third countries without stopping in the United States. Saudi airlines will also have a similar right to fly to the United States.

Saudi Arabia is still the largest US foreign military sales partner. The Trump administration has strengthened these defensive relations more than ever before and signed the biggest defense cooperation agreement with Saudi Arabia today. The agreement will pave the way for the increase in US defense industry participation and long -term support cooperation with Saudi institutions.

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