Saudi Arabia inks 18 bilateral agreements with US in promising sectors

Saudi Arabia inks 18 bilateral agreements with US in promising sectors

The Saudi Ministers of Energy, Investment, Communications and Health have concluded 18 agreements with their US counterparts during US President Mr. Joe Biden’s visit to the Kingdom.

The agreements unlock new avenues for joint cooperation in investment, energy, ICT, space and health. The agreements align with Saudi Vision 2030, led by HRH Prince Mohammed bin Salman, as it seeks wider investment opportunities in promising sectors that can benefit the peoples of both nations.

The bilateral agreements comprise 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and numerous private sector companies. They include a group of leading American companies, such as Boeing Aerospace, Raytheon Defense Industries, Medtronic and Digital Diagnostics, IKVIA in the healthcare sector, and many other US companies across the energy, tourism, education, manufacturing and textiles sectors.

The Saudi Space Authority (SSA) also signed the Artemis Accords with the US Space Agency (NASA), which would allow it to undertake the joint exploration of the Moon and Mars in cooperation with the American space agency, while granting the Kingdom a seat in the international coalition preparing for the civil exploration and use of the Moon, Mars, comets and asteroids for peaceful purposes.

The Ministry of Communications and