Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Arab Foreign Ministers' statement: We warn that "Israel" is pushing the region toward more conflict and tension
Arab foreign ministers, in a statement issued from Istanbul: We condemn the Israeli aggression against the Islamic Republic of Iran
Al Mayadeen's correspondent in South Lebanon: An Israeli drone strike targeted the vicinity of al-Naqoura port
Azizi: The Israeli enemy suffered such significant losses that it fears disclosing them publicly
Azizi: Israeli intelligence bases sustained severe damage, and most military centers were targeted and destroyed
Iranian state TV, quoting head of parliamentary National Security Committee, Ebrahim Azizi: We launched 23 missiles on Friday, all of which successfully hit their targets
An Iranian missile hit an Israeli governmental compound in Haifa.
Talks begin in Geneva between Iranian Foreign Minister Abbas Araghchi and the E3.
Al Mayadeen correspondent: The E3 will present Araghchi with a four-point European plan that includes a complete end to uranium enrichment in Iran.
Iranian Foreign Minister Abbas Araghchi arrives at the venue of the negotiations that will soon begin with the E3.

US, Saudi Arabia sign landmark $600bln investment agreement

  • By Al Mayadeen English
  • Source: Agencies
  • 13 May 2025 19:17
  • 3 Shares
4 Min Read

Saudi Arabia signs a landmark $600 bln deal with the US, which will see cooperation between both countries across numerous sectors and industries.

Listen
  • x
  • President Donald Trump and Saudi Crown Prince Mohammed bin Salman shake hands after exchanging documents during a signing ceremony at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025 (AP)
    President Donald Trump and Saudi Crown Prince Mohammed bin Salman shake hands after exchanging documents during a signing ceremony at the Royal Palace in Riyadh, Saudi Arabia, Tuesday, May 13, 2025 (AP)

US President Donald Trump signed a wide-ranging economic agreement with Saudi Arabia on Tuesday, launching a multi-billion-dollar investment partnership as part of his Gulf tour.

The White House announced that Saudi Arabia is set to invest more than $600 billion in the United States, including the largest arms deal and one of the most comprehensive economic accords in the history of US-Saudi relations.

"While energy remains a cornerstone of our relationship, the investments and business opportunities in the kingdom have expanded and multiplied many, many times over," Saudi Minister of Investment Khalid al-Falih said at the opening of a high-level meeting.

Al-Falih added that when Saudis and Americans work together, “very good things happen; more often than not, great things,” a sentiment echoed during a meeting at the Royal Court, where President Trump referred to Crown Prince Mohammed bin Salman as a "friend", reaffirming the strength of bilateral ties, according to a Wall Street Journal report.

A Saudi-US investment forum held during Trump’s visit brought together major financial figures, including BlackRock CEO Larry Fink, Blackstone CEO Stephen Schwarzman, and Treasury Secretary Scott Bessent.

Elon Musk also joined the gathering, holding brief conversations with both Trump and the Crown Prince, and later attending a lunch meeting alongside OpenAI CEO Sam Altman and other US executives.

US-Saudi partnership covers AI, defense, and energy cooperation

The economic collaboration is deeply tied to Saudi Arabia's Vision 2030 reform agenda, which aims to reduce the kingdom’s dependence on oil, which still accounts for 62% of government revenue, and diversify its economy through large-scale development projects like NEOM.

NEOM Deputy CEO Rayan Fayez noted, "About a billion dollars of investment is being made in frontier technologies, and obviously, it is no surprise that the lion's share of these investments has gone into US companies."

Related News

Mahmoud Khalil ordered released on bail: Axios

Iran's Araghchi slams 'unjustifiable' Israeli war crimes, strikes

AI

Among the high-profile deals, Google, Datavolt, Oracle, Salesforce, AMD, and Uber will jointly invest $80 billion in the technology sectors of both countries. Saudi firm DataVolt alone plans to invest $20 billion in artificial intelligence data centers and energy infrastructure in the United States.

Infrastructure 

US engineering firms, including Hill International, Jacobs, Parsons, and AECOM, are set to lead infrastructure projects in the kingdom, such as King Salman International Airport, King Salman Park, The Vault, and Qiddiya City, contributing over $2 billion in US service exports.

Manufacturing

In manufacturing, GE Vernocas will export $14.2 billion worth of gas turbines and energy solutions, while Boeing will supply Avilease with 737-8 aircraft valued at $4.8 billion.

Healthcare

The healthcare sector is also a beneficiary with Shamekh IV Solutions, LLC, investing $5.8 billion in the United States, including the establishment of a high-capacity IV fluid manufacturing facility in Michigan.

Funds

Several joint investment funds are being formed to inject capital into key US sectors, including the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund.

Defense

On defense, the White House highlighted the nearly $142 billion agreement as the largest arms deal ever signed between the two countries.

"The United States and Saudi Arabia signed the largest defence sales agreement in history -- nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment," the White House said in a statement.

The arms deal spans five key areas:

  • Air force advancement and space capabilities;
  • Air and missile defense;
  • Maritime and coastal security;
  • Border security and land forces modernization;
  • Information and communication systems upgrades. 

It also includes training and support to enhance the Saudi Armed Forces, including improvements to military academies and medical services.

Energy

Energy cooperation is expanding through new bilateral agreements. The US Department of Energy and Saudi Arabia’s Ministry of Energy have signed a partnership to promote innovation, development, and infrastructure deployment.

MoC

Additionally, a Memorandum of Cooperation was signed between the US Department of Energy and Saudi Arabia’s Ministry of Industry and Mineral Resources to boost collaboration in mining and mineral resources.

  • United States
  • US-Saudi defense agreement
  • Mohammed Bin Salman
  • US-Saudi relations
  • Donald Trump
  • Saudi Arabia

Most Read

Iranian missiles impact Israeli sites in Tel Aviv in 2nd wave

Iran's missiles impact 'strategic' Israeli site in Tel Aviv

  • Politics
  • 14 Jun 2025
Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A motorcycle is on fire after an Israeli drone strike targeted it in the southern Lebanese village of Baraachit, June 20, 2025 (Social media)
Politics

Israeli airstrikes in southern Lebanon lead to casualty, martyr

An Israeli military vehicle before it was targeted in Operation Breaking the Sword in Gaza, undated (Al-Qassam Brigades Military Media)
Politics

Gaza Resistance pounds invading Israeli forces in joint operations

Israeli occupation forces and emergency teams work next to an unpopulated building after it was hit by a missile fired from Iran, in Haifa, occupied Palestine, Friday, June 20, 2025 (AP)
Politics

Iran bombs Israeli Interior Ministry in tit-for-tat response

A man is evacuated by an Israeli emergency team after a missile from Iran hits in Haifa, Israel, Friday, June 20, 2025 (AP)
Politics

1,217 injured in 'Israel' from Iran retaliation amid rising tensions

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS