International Business: Saudi Arabia and US sign 18 deals – Gulf Digital News

International Business: Saudi Arabia and US sign 18 deals – Gulf Digital News

JEDDAH: Saudi Arabia and the US have signed 18 agreements to unlock new avenues for co-operation in investment, energy, ICT, space and health.

The agreements by Saudi Ministers of Energy, Investment, Communications and Health and their US counterparts were signed during US President Joe Biden’s visit to the kingdom, said a Saudi Press Agency report.

The agreements align with Saudi Vision 2030, led by Prince Mohammed bin Salman, as it seeks wider investment opportunities in promising sectors that can benefit the peoples of both nations.

They comprise 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and 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 also signed the Artemis Accords with US Space Agency (NASA), which would allow it to undertake the joint exploration of the Moon and Mars in co-operation with the American space agency.

The Ministry of Communications and Information Technology (MCIT) signed a memorandum of co-operation with IBM, a leading digital tech company, to upskill 100,000 young women and