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Saudi-American agreements support localization and enhance job opportunities and economic growth

Crown Prince Mohammed bin Salman, Deputy Prime Minister, affirmed that the signing of agreements for new investment projects between the Kingdom and the United States, encompassing the defense, energy, artificial intelligence, rare earth minerals, and financial sectors, will contribute to creating numerous job opportunities in both countries and supporting economic growth in both nations. This statement was made during his participation with the President of the United States

Crown Prince Mohammed bin Salman, Deputy Prime Minister, affirmed that the Saudi-American agreements signed during the Saudi-American Investment Forum in Washington represent a strategic step that will directly impact both the national and American economies. He explained that the agreements cover the defense, energy, artificial intelligence, rare earth minerals, and financial sectors, which will contribute to the localization of technologies and the creation of high-quality job opportunities in both countries in the coming years.

The Crown Prince’s remarks came during his participation alongside US President Donald Trump in the forum held at the John F. Kennedy Center in Washington, where he stressed that these agreements enhance the path of economic growth and diversification, especially after the forum held in Riyadh six months ago, which laid the foundations for a partnership based on innovation and sustainable investment.

The Crown Prince pointed out that joint investments are not just economic cooperation, but represent a qualitative shift in building a future economy based on advanced technology, defense industries, clean energy and artificial intelligence, stressing that these sectors will open up broad fields for qualifying national competencies and creating high-impact jobs.

His Highness added that the Kingdom looks forward to strengthening the historic partnership with the United States and developing larger investment projects during the next phase, calling on companies to seize the opportunities offered by Saudi Vision 2030, which aims to build a strong and diversified economy based on innovation and knowledge.

The Crown Prince’s visit concludes with a series of agreements and projects that will contribute to strengthening the Kingdom’s role as an international economic player and confirm its position as a pivotal partner in shaping the future of the global economy.

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