U.S. and Saudi Arabia Sign Landmark Economic and Defence Agreements
World 11:10 PM - 2025-05-13
Munsif News
Donald Trump and Mohammed Bin Salman.
In a major development for international relations and economic cooperation, the United States and Saudi Arabia have today signed a series of landmark agreements, signalling a deepening of their strategic partnership. The memoranda of understanding (MOUs) cover key areas such as energy, defence, space exploration, and advanced technology.
At the heart of the agreements is a £113 billion ($142 billion) defence deal—the largest in U.S. history—which will see Saudi Arabia acquire state-of-the-art military equipment and systems from over a dozen American defence companies. The deal is part of wider efforts to enhance regional security and defence collaboration.
In addition, Saudi Arabia has pledged to invest £478 billion ($600 billion) into the United States, with funding directed toward infrastructure, artificial intelligence, technology, and energy. Leading American firms such as Google, Oracle, and AMD are expected to play central roles in these initiatives, in line with Saudi Arabia’s Vision 2030 plan to modernise its economy and reduce reliance on oil.
U.S. President Donald Trump, currently visiting Riyadh, described the agreements as marking “a new era” in U.S.-Saudi relations, underpinned by mutual economic growth and shared strategic goals.
These agreements represent a significant step forward in strengthening bilateral ties, with both nations reaffirming their commitment to long-term cooperation and regional stability.
PUKMEDIA
More news
-
China Does Not Seek a 'Sphere of Influence' in Relations with Pacific Island Nations, Foreign Minister Says
12:27 PM - 2026-07-14 -
Oil Climbs to One-Month High as U.S. and Iran Intensify Attacks in the Strait of Hormuz
09:05 AM - 2026-07-14 -
Ukraine to Manufacture French Missiles and Order Warplanes, Macron Says
11:22 PM - 2026-07-13 -
Wildfire Erupts Near Paris as Heatwave Sweeps Across Europe
10:13 PM - 2026-07-13
see more
Kurdistan 02:36 PM - 2026-07-14 Qubad Talabani Reviews Progress on Major Water Project to End Shortages in Chamchamal
Kurdistan Region VP Commends Germany's Continued Support for Iraq and the Kurdistan Region
01:25 PM - 2026-07-14
Remembering 14 July Revolution That Ended Iraq's Monarchy
11:11 AM - 2026-07-14
Iraqi PM Discussed Bilateral Cooperation and Regional Stability with U.S. Special Envoy in Washington
10:01 AM - 2026-07-14
Houthis Launch Missile Attacks on Saudi Arabia After Years of Calm
09:45 AM - 2026-07-14
Most read
-
Qubad Talabani Meets Dutch Ambassador to Iraq on Conclusion of Her Mission
Kurdistan 07:36 PM - 2026-07-13 -
Nineveh Integrity Court Orders Seizure of Commercial Properties and Mills Linked to Corruption Case
Iraq 03:42 PM - 2026-07-13 -
Jurassic Park Star Sam Neill Dies Aged 78
World 12:47 PM - 2026-07-13 -
Sheikh Jaafar Sheikh Mustafa Receives Qubad Talabani
Kurdistan 05:36 PM - 2026-07-13 -
Hungary's Parliament Set to Vote on Constitutional Amendment to Oust President
World 02:21 PM - 2026-07-13 -
Trump Says U.S. Has Reinstated Blockade on Iranian Shipping in Hormuz
World 09:05 PM - 2026-07-13 -
Trump Says U.S. Would Probably Control the Strait of Hormuz and Charge for Its Use
World 04:25 PM - 2026-07-13 -
Ukraine to Manufacture French Missiles and Order Warplanes, Macron Says
World 11:22 PM - 2026-07-13






Application

