By Mohammed Hamood Ali Al Ragawi, Muhammed Emin Canik and Seda Sevencan
RIYADH/ISTANBUL (AA) - Saudi Investment Minister Khalid bin Abdulaziz Al-Falih said Wednesday that the total value of agreements signed between Saudi Arabia and the US has reached $557 billion.
Speaking to the Saudi Al-Ekhbariya channel, Al-Falih said Saudi Arabia signed 242 investment agreements with the US during the US-Saudi Investment Forum held in Washington, DC.
“We signed numerous agreements across various sectors to strengthen the partnership between Saudi Arabia and the US,” he said.
Al-Falih said the US remains the largest foreign investor in Saudi Arabia, adding that 2025 marks a key turning point in expanding economic cooperation between the two countries.
He noted that Saudi-US relations, which span more than 90 years, have a major global impact.