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Saudi Arabia, US sign Strategic Economic Partnership


Saudi-US Summit Co-Chaired by Crown Prince Mohammed bin Salman and President Donald J. Trump

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and US President Donald J. Trump of the United States co-chaired the Saudi-US Summit at the Royal Court in Al-Yamamah Palace today.

The Saudi Press Agency (SPA) reported that the summit addressed bilateral relations and coordination efforts to enhance the strategic partnership between the two friendly countries across various sectors. Discussions also covered the latest regional and international developments, issues of mutual interest, and efforts to promote security and stability.

Strategic Economic Partnership Agreement

The Crown Prince and the US President signed the Strategic Economic Partnership between the governments of the Kingdom of Saudi Arabia and the United States of America. They also witnessed the exchange and announcement of several bilateral agreements and memoranda:

  • Memorandum of Understanding for Energy Cooperation between the Ministry of Energy of the Kingdom of Saudi Arabia and the US Department of Energy.
  • Memorandum of Intent for Modernization and Development of the capabilities of the Saudi Armed Forces through future defense capabilities between the Ministry of Defense of the Kingdom of Saudi Arabia and the US Department of Defense.
  • Memorandum of Cooperation in Mining and Mineral Resources between the Ministry of Industry and Mineral Resources of the Kingdom of Saudi Arabia and the US Department of Energy.
  • Letter of Intent on Joint Cooperation regarding ammunition, training, support services, maintenance, systems modernization, spare parts, and education for the Ministry of the National Guard’s land and air systems.
  • Memorandum of Understanding for Judicial Cooperation between the Ministry of Justice of the Kingdom of Saudi Arabia and the US Department of Justice.
  • Collaboration Agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Zoo and Conservation Biology Institute.
  • Collaboration Agreement between the Royal Commission for AlUla and the Smithsonian Institute through its National Museum of Asian Art.

Additional Agreements

  • Executive Agreement between the Saudi Space Agency of the Kingdom of Saudi Arabia and the National Aeronautics and Space Administration (NASA) of the United States for cooperation on the Space Weather CubeSat on the Artemis II Mission.
  • Customs Mutual Assistance Agreement.
  • Protocol of Amendment to the Saudi Arabia-U.S. Air Transport Agreement.
  • Memorandum of Understanding for Medical Research Cooperation between the Saudi National Institute of Health Research and the US National Institute of Allergy and Infectious Diseases.

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