A substantial economic alliance has been forged. Saudi Arabia and the United States have finalized agreements. These deals are valued at over $300 billion. Crown Prince Mohammed bin Salman confirmed this. The announcement occurred at a Riyadh investment forum.

Prince Mohammed addressed the assembled attendees. He outlined the Kingdom's investment prospects. These opportunities are estimated at $600 billion. He expressed hope for further growth. The aim is to reach a remarkable $1 trillion in total investment.

The Crown Prince emphasized a crucial aspect. He noted the US role in Saudi Arabia's reforms. The Saudi Vision 2030 agenda has strong US partnership. Joint investments form a vital foundation. This strengthens their economic ties significantly.

Prince Mohammed highlighted a key financial flow. The US is a primary destination for Saudi funds. The Public Investment Fund allocates significantly. Approximately 40 percent of its global investments are in the US. This underscores the deep economic connection.

Earlier on Tuesday, key agreements were signed. These were between the leaders of both nations. This strategic economic partnership was initiated in Riyadh. Memorandums of Understanding were formalized. These covered energy, mining, and defense sectors.

Source: https://www.arabnews.com/node/2600586/saudi-arabia