US and Saudi Arabia sign $110bn arms deal
US President Donald J. Trump and King Salman bin Abd al-Aziz Al Saud of Saudi Arabia have signed a $110bn arms deal, which is expected to support the Middle East nation’s defence needs.
The defence capabilities deal covers a package of defence equipment and services to support the long-term security of Saudi Arabia and the Gulf region in the face of malign Iranian influence and Iranian related threats, The White House stated.
During the meeting, Trump and Salman bin Abd al-Aziz Al Saud also signed a Joint Strategic Vision Statement to strengthen relations between the countries.
President Trump said that the two countries will address challenges to regional peace and security, such as defeating ISIS and al-Qa’eda, countering Iran’s destabilising activities and resolving conflicts in Yemen and Syria.
Both countries have pledged to collaborate to counter violent extremism, disrupt the financing of terrorism, and advance defence cooperation.
Trump also committed to supporting Saudi Arabia’s economic reform plans and promoted US companies as ideal partners for Saudi Arabia’s economic transformation.
The US-Saudi Arabia partnership is expected to create tens of thousands of new jobs in the US.
It is also expected to strengthen Saudi Arabia’s ability to provide for its own security and continue contributing to counterterrorism operations across the region, by reducing the burden on US military forces.
During the President’s visit to Saudi Arabia, US companies signed many deals.
The Kingdom of Saudi Arabia has agreed to procure more than $28bn worth of Lockheed Martin integrated air and missile defence, combat ship, tactical aircraft and rotary wing technologies and programmes.
GE and Saudi Arabia have also signed $15bn worth Memorandums of Understanding and projects across multiple sectors.
Image: US President Donald J. Trump visited Saudi Arabia. Photo: courtesy of The US Government.