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Saudi Arabia, U.S. Sign Deals Worth USD557B

(MENAFN) Saudi Arabia's Investment Minister Khalid bin Abdulaziz Al-Falih announced Wednesday that bilateral economic agreements with the United States have surpassed $557 billion in total value, marking a historic milestone in the decades-long partnership between the two nations.

In an interview with a Saudi state broadcaster, Al-Falih revealed that the kingdom finalized 242 separate investment pacts with Washington during the US-Saudi Investment Forum held in the American capital.

"We signed numerous agreements across various sectors to strengthen the partnership between Saudi Arabia and the US," he said.

The minister emphasized that America continues to hold its position as the foremost foreign investor in Saudi Arabia, characterizing 2025 as a pivotal year for deepening economic ties between the two powers.

Al-Falih highlighted the enduring nature of Saudi-US relations, which extend beyond nine decades, underscoring their significant influence on the global stage.

The massive investment package signals renewed commitment between Riyadh and Washington at a time when both nations seek to diversify their economic partnerships and strengthen strategic cooperation across multiple industries.

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