The US and Saudi Arabia signed a massive arms deal, amounting to nearly $142 billion, an agreement being called by the White House as the largest in history.
In a statement, the White House said, “The United States and Saudi Arabia signed the largest defence sales agreement in history – nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment”.
The signing took place during Donald Trump’s bilateral visit to Saudi Arabia. The defence deal includes military systems, arms and services. The agreement also includes other commercial deals, exports of gas turbines.
Trump’s visit to the Middle East, includes planned stops in Qatar and the UAE. It is centered mainly on economic issues, and the US President will also be hoping to secure other major deals to increase investment from wealthy Gulf countries into the American economy.
Previously, Saudi Arabia announced plans to invest $600 billion in the US over the next four years. Meanwhile, Trump has said that he hopes it goes up to $1 trillion. He landed in Riyadh on Tuesday morning for his first official visit of his second term. Trump’s 2017 visit to Saudi Arabia showcased his close-ties to the oil-rich Gulf country.
Be the first to comment