The Saudi government underlined on Tuesday its determination to expand its investments and trade relations with the United States in the next four years.
Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting in Jeddah.
Saudi Arabia will dedicate over $600 billion, including mutual deals and investments worth over $300 billion, in investments as announced last week during the Saudi-US Investment Forum in Riyadh.
The cabinet hailed the Saudi-US summit that was held during US President Donald Trump’s visit to the Kingdom last week. Saudi Arabia was his first official overseas trip since his reelection.
The ministers also praised the signing of the strategic economic partnership agreement between Saudi Arabia and the US and the various deals that were announced during the trip.
At the start of the cabinet meeting, King Salman expressed his gratitude to Trump for accepting his invitation to visit the Kingdom. He lauded the talks that were held between Prince Mohammed bin Salman, Crown Prince and Prime Minister, with Trump, and their outcomes, which included elevating bilateral ties to an unprecedented historic level in vital fields.
The cabinet highlighted Crown Prince Mohammed’s speech at the Gulf-US summit that was held during Trump’s visit. The speech focused on intensifying joint coordination and pursuing multilateral work with friendly and fraternal countries to achieve more progress and prosperity.
He also underscored support for all efforts that would help end regional and international conflicts through peaceful means.
Moreover, the cabinet praised Trump’s decision – at the Crown Prince’s encouragement – to lift sanctions off Syria. It hoped the move will support development and reconstruction efforts in the war-torn country.
The cabinet also highlighted the Kingdom’s speech at the 34th Arab League Summit that was held in Baghdad on Saturday. The speech reiterated the Kingdom’s categorical rejection of any attempts to forcibly displace the Palestinian people and called for a ceasefire in Gaza.
