Saudi Arabia, US ink 18 agreements, including on space, investment, energy

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The Saudi ministers of energy, investment, communications and health have concluded 18 agreements with their US counterparts.

The agreements unlock new avenues for joint cooperation in investment, energy, information and communications technology, space and health.

They align with the Saudi Vision 2030 reform plan, which seeks investment opportunities in promising sectors.

Thirteen of the agreements, signed during US President Joe Biden’s visit to the Kingdom, were 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 in the energy, tourism, education, manufacturing and textiles sectors.

The Saudi Space Authority signed the Artemis Accords with NASA, allowing for joint exploration of the Moon and Mars.

The Ministry of Communications and Information Technology signed a memorandum of cooperation with IBM to upskill 100,000 young women and men over five years within eight initiatives that can position the Kingdom as a hub for technology and innovation in the Middle East and North Africa.

The ministry also signed a memorandum of cooperation with the US National Communications and Information Administration, which includes cooperation between the two countries on 5G and 6G technologies.—AN

 

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