Here are the top 15 agreements signed between Saudi Arabia and the US

Here are the top 15 agreements signed between Saudi Arabia and the US, Al  Arabiya, May 20, 2017

Lockheed Martin Chairman and CEO Marillyn Hewson (L) exchanges agreements with a Saudi official after a signing ceremony between Saudi Arabia’s King Salman bin Abdulaziz Al Saud and U.S. President Donald Trump at the Royal Court in Riyadh, Saudi Arabia May 20, 2017. REUTERS/Jonathan Ernst

Saudi Arabia and the United States signed agreements and economic deals worth 280 billion dollars expected to create over hundreds of thousands of jobs in the two countries in the next coming years.

The agreements were signed in Riyadh, in the presence of Saudi King Salman and US President Donald Trump on his historic visit to Saudi Arabia. He was accompanied by a high-level political and economic delegation that includes the heads of the biggest US corporations.

On the financial side, the most important agreement was between asset management giant ‘Blackstone’ and the Saudi Public Investment Fund. The deal’s value is expected to rise to $350 billion over the next 10 years.

Here are the top 15 agreements between the two nations:

. Saudi Aramco: Deals worth $50 billion with US companies.

. General Electric signed construction and mining deals worth $15 billion.

. Raytheon in the gulf will develop air defense systems and smart weapons in Saudi Arabia.

. ExxonMobil and SABIC: Petrochemical production project agreements.

. Lockheed Martin: Support the assembly of 150 Blackhawk S-70 helicopters in Saudi Arabia.

. General Dynamics will enhance the localization design, manufacture and support of armored combat vehicles.

. Rowan Co.: Design of offshore drilling platforms with $7 billion.

. Nabors Industries expands $9 billion joint oil-drilling project.

. Aramco and National Oilwell: A new joint venture worth $6 billion.

. Weatherford: Projects worth $2 billion for localizing oilfield goods and services.

. Dow Chemical Company: Building a polymer production facility and research into other projects.

. Mcdermott: Memos worth $2.8 billion for localizing Aramco’s goods and services.

. Honeywell: Memos worth $3.6 billion for projects with Aramco.

. Aircraft purchase agreement between Saudi Airlines and Boeing.

. Jacobs Engineering: MOU worth $250 million in oil projects.

Last Update: Sunday, 21 May 2017 KSA 23:35 – GMT 20:35
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