Caricatures and drawings on Forex portal
US and Saudi Arabia strike $600 billion in deals
A striking shift has emerged in US-Saudi trade relations. The two nations have inked agreements and investment commitments totaling an eye-popping $600 billion, a record-setting figure.
During US President Donald Trump’s visit to Saudi Arabia, the two countries signed a sweeping package of agreements and investment pledges, marking a significant breakthrough. According to experts, this is one of the most extensive economic deals in the history of US-Saudi cooperation.
The contracts cover defense, energy, technology, and infrastructure. Washington views this as the start of a "new golden era" in bilateral relations. Notably, $142 billion, or a quarter of the total, will go toward arms deals.
The two parties also reached an agreement for Saudi Arabia to purchase gas turbines, Boeing passenger jets, and more. In return, Saudi firm DataVolt plans to invest $20 billion to develop data centers and energy infrastructure in the United States.
Earlier reports indicated that Trump had launched a Gulf-region tour to secure mutually beneficial contracts. Whether this strategy will prove justified remains to be seen.
© InstaFintech Group
