2 Hrs
Source:
الشرق اللبنانية
Saudi-U.S. deal valued at 15B
Saudi Arabia and the United States signed a Memorandum of Understanding valued at up to $15 billion to enhance financial cooperation and investments. The goal is to support the financing of the purchase of American goods and services for companies under the Saudi Public Investment Fund. Since 2017, the United States has been the Fund's largest market, with purchases amounting to $65 billion and contributing $35 billion to the U.S. GDP. The memorandum explores opportunities for cooperation in sectors such as advanced technologies, aviation, infrastructure, future mobility, water security, and mining tailored for manufacturing.
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