President Donald Trump and Crown Prince Mohammed bin Salman of Saudi Arabia signed an economic partnership worth $600 billion.
Signing of the Agreement
The signing took place in Riyadh on May 13, 2025, during Trump's state visit to Saudi Arabia. The US delegation includes top officials and business leaders.
Sectors of the Agreement
The partnership covers sectors such as defense, energy, and technology, with the total value of the agreements approximately $600 billion, including $142 billion for defense.
Economic Implications
The economic partnership is expected to create around two million jobs in the US and strengthen economic ties between the two nations. These measures may lead to economic growth, although regulatory and technological changes can influence outcomes.
The economic agreement between the US and Saudi Arabia highlights the enhancing cooperation between the two countries, with a focus on job creation and security.
