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March 2018
From the economic expert Edward Burton, president of the Saudi-American Economic Council:
- The commercial and economic strategic relationship between the Kingdom and the United States is distinguished worldwide, as it dates back to the years of discovery of the Kingdom's oil in the 1930s.
- Saudi Arabia has entered the American business community and has become an important partner in major investment companies in the sectors of engineering, construction, health, health insurance, consumables, services, transportation and other important sectors.
- The trade exchange between the two countries for the year 2016 reached 34.89 billion dollars, one of the largest trade exchanges in the world.
- The visit of the Crown Prince, Prince Mohammed Bin Salman, will focus economically on benefiting from the US expertise to localize the Saudi industries, especially the technological sector, and to encourage small Saudi initiatives in the scientific fields to compete globally. The issue of settling the military industries and the health sector is an important part of the agenda. Crown Prince, as well as new sectors such as leisure that attract the most ambitious American companies to win an investment opportunity in Saudi Arabia determined to take advantage of all its potential.
- The $ 400 billion Saudi-US deal was not easily reached and there are many countries that aim for a similar deal to benefit from the world's most industrialized country, but economic sanctions and related controls prevent it from happening.
- It is stupid to say about the huge deal money that will change the shape of the Arab region and the world as gifts or gifts that go to Trump or the United States because every dollar of these investments will go to sectors within the Kingdom from infrastructure to the most complex military industries to be manufactured by Saudi hands and in the Kingdom.
- To date, $ 45 billion of the deal has been spent on the technology and information sector in the Kingdom, $ 2.4 billion for the development of consumer industries, $ 4.2 billion for real estate and construction, and a specific budget for the development of infrastructure, roads and bridges in the kingdom.
- The figures speak of the Kingdom's gains from these deals, which achieved a significant jump in record time with the increase in the proportion of non-oil exports in one year after the launch of the vision of Prince Mohammed bin Salman by 18%, including exports of metal and plastic as well as paper and food industries and others.
- We will continue to see an upward movement in Saudi export and industry figures. I recommend focusing attention on the technology sector in the Kingdom to which the Crown Prince pays special attention that will surprise the Saudis and the world with its achievements.
It is where the largest budgets were allocated. Soon we will see the Kingdom as an important global center of technology.
http://www.alriyadh.com/1666376
* Note that the deal is over 10 years and comprises the $110 billion arms deal..
Other details of the deal:
- The signing of an agreement with Lockheed Martin to support the assembly of 150 Black Hawk S-70 helicopters in Saudi Arabia, a deal worth $ 6 billion.
- The signing of an agreement with Raytheon to establish a branch in Saudi Arabia that will focus on implementing programs to create local capabilities in defense, aviation industry and security in the Kingdom.
- The signing of an agreement with defense contractor General Dynamics to "design, engineer, manufacture and support armored combat vehicles" for current and future programs in the Kingdom, supporting the goal of localising 50 per cent of Saudi military spending in accordance with Vision 2030.
- The signing of a Memorandum of Understanding (MOU) and major projects with GE with a total value of $ 15 billion in the energy, healthcare, oil and gas, and mining sectors.
- An agreement with Dow Chemical to invest $ 100 million in the construction of a manufacturing plant for the production of polymers for coating and water treatment and the signing of a memorandum of understanding to study the feasibility of the proposed investments in the concessions owned by the company in the high-performance silicon sector.
- 16 agreements signed by Aramco with US companies worth 50 billion dollars.
- A Memorandum of Understanding (MOU) between Blackstone Direct Investment and the Public Investment Fund of Saudi Arabia to launch a $ 40 billion infrastructure investment facility with an initial contribution of $ 20 billion by the Saudi Investment Fund, with the remaining funds being raised from other investors.
- A memorandum of understanding between ExxonMobil and Saudi Basic Industries Corporation (SABIC) to conduct a detailed study of a potential petrochemical project in Texas and start engineering work and design. The project ensures the establishment of an ethylene production unit with an expected annual production of approximately 1.8 million tons.
The military side, which amounts to 110 billion dollars:
https://www.defensenews.com/breakin...mp-s-110-billion-weapons-list-for-the-saudis
From the economic expert Edward Burton, president of the Saudi-American Economic Council:
- The commercial and economic strategic relationship between the Kingdom and the United States is distinguished worldwide, as it dates back to the years of discovery of the Kingdom's oil in the 1930s.
- Saudi Arabia has entered the American business community and has become an important partner in major investment companies in the sectors of engineering, construction, health, health insurance, consumables, services, transportation and other important sectors.
- The trade exchange between the two countries for the year 2016 reached 34.89 billion dollars, one of the largest trade exchanges in the world.
- The visit of the Crown Prince, Prince Mohammed Bin Salman, will focus economically on benefiting from the US expertise to localize the Saudi industries, especially the technological sector, and to encourage small Saudi initiatives in the scientific fields to compete globally. The issue of settling the military industries and the health sector is an important part of the agenda. Crown Prince, as well as new sectors such as leisure that attract the most ambitious American companies to win an investment opportunity in Saudi Arabia determined to take advantage of all its potential.
- The $ 400 billion Saudi-US deal was not easily reached and there are many countries that aim for a similar deal to benefit from the world's most industrialized country, but economic sanctions and related controls prevent it from happening.
- It is stupid to say about the huge deal money that will change the shape of the Arab region and the world as gifts or gifts that go to Trump or the United States because every dollar of these investments will go to sectors within the Kingdom from infrastructure to the most complex military industries to be manufactured by Saudi hands and in the Kingdom.
- To date, $ 45 billion of the deal has been spent on the technology and information sector in the Kingdom, $ 2.4 billion for the development of consumer industries, $ 4.2 billion for real estate and construction, and a specific budget for the development of infrastructure, roads and bridges in the kingdom.
- The figures speak of the Kingdom's gains from these deals, which achieved a significant jump in record time with the increase in the proportion of non-oil exports in one year after the launch of the vision of Prince Mohammed bin Salman by 18%, including exports of metal and plastic as well as paper and food industries and others.
- We will continue to see an upward movement in Saudi export and industry figures. I recommend focusing attention on the technology sector in the Kingdom to which the Crown Prince pays special attention that will surprise the Saudis and the world with its achievements.
It is where the largest budgets were allocated. Soon we will see the Kingdom as an important global center of technology.
http://www.alriyadh.com/1666376
* Note that the deal is over 10 years and comprises the $110 billion arms deal..
Other details of the deal:
- The signing of an agreement with Lockheed Martin to support the assembly of 150 Black Hawk S-70 helicopters in Saudi Arabia, a deal worth $ 6 billion.
- The signing of an agreement with Raytheon to establish a branch in Saudi Arabia that will focus on implementing programs to create local capabilities in defense, aviation industry and security in the Kingdom.
- The signing of an agreement with defense contractor General Dynamics to "design, engineer, manufacture and support armored combat vehicles" for current and future programs in the Kingdom, supporting the goal of localising 50 per cent of Saudi military spending in accordance with Vision 2030.
- The signing of a Memorandum of Understanding (MOU) and major projects with GE with a total value of $ 15 billion in the energy, healthcare, oil and gas, and mining sectors.
- An agreement with Dow Chemical to invest $ 100 million in the construction of a manufacturing plant for the production of polymers for coating and water treatment and the signing of a memorandum of understanding to study the feasibility of the proposed investments in the concessions owned by the company in the high-performance silicon sector.
- 16 agreements signed by Aramco with US companies worth 50 billion dollars.
- A Memorandum of Understanding (MOU) between Blackstone Direct Investment and the Public Investment Fund of Saudi Arabia to launch a $ 40 billion infrastructure investment facility with an initial contribution of $ 20 billion by the Saudi Investment Fund, with the remaining funds being raised from other investors.
- A memorandum of understanding between ExxonMobil and Saudi Basic Industries Corporation (SABIC) to conduct a detailed study of a potential petrochemical project in Texas and start engineering work and design. The project ensures the establishment of an ethylene production unit with an expected annual production of approximately 1.8 million tons.
The military side, which amounts to 110 billion dollars:
https://www.defensenews.com/breakin...mp-s-110-billion-weapons-list-for-the-saudis
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