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Saudi, US sign coop. agreements worth USD 280 billion
May 21, 2017, 9:05 am
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Saudi King Salman bin Abdulaziz Al-Saud and the visiting US President Donald Trump on Saturday signed a host of agreements to boost bilateral cooperation in various fields.

Agreements the two sides hammered out today during Trump's historical visit to the Kingdom hit USD 280 billion.

In addition to scores of deals covering cooperation in various fields, military, trade, power and petrochemical, they also signed the joint strategic vision between the two nations.

King Salman and Trump attended the signing ceremony of a host of agreements between the Saudi oil giant Aramco and US companies, besides one for investments in petrochemicals, founding a factory for ethylene in the US.

The two sides have also agreed to develop the healthcare cooperation, besides inking an agreement on a letter of intent between the Saudi Health Ministry and the US technology and engineering conglomerate GE, besides one for power generation.

Other fields targeted by today's deals include mining, air transport and real estate investments. A deal was concluded between Saudi IT and the US Apple.
In addition, Saudi Deputy Crown Prince Mohammed Bin Salman Al-Saud, who is also the Second Deputy Prime Minister and Minister of Defense, and the US Secretary of State Rex W. Tillerson signed an agreement for promoting and modernizing the Saudi Armed Forces.

Also in the military field, an agreement was concluded for assembling 150 Lockheed Martin Blackhawk helicopters in the Kingdom.

Source: KUNA

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