Saudi-US To Partner in Defense, Aerospace Manufacturing Technologies

Saudi Arabia's King Salman bin Abdulaziz Al Saud (R) and US President Donald Trump sign a joint security agreement at the Royal Court in Riyadh, Saudi Arabia May 20, 2017. (Jonathan Ernst/Reuters)

Riyadh – Saudi-US partnerships have become more comprehensive, following the signed agreements worth USD280 billion between Riyadh and Washington in sectors of defense, aviation, security, energy, oil and industry, a US economist said.

Willem van Rossem, President of the Quincy Group in Saudi Arabia, told Asharq Al-Awsat that “the recently signed agreements between Riyadh and Washington will recruit Saudi and US potentials in the coming period to achieve the greatest trade, investment and economic benefit.”

He added that “the Saudi-US economic agreements and discussions have put ties between Riyadh and Washington at a strategic higher level. These ties will increase the mutual benefit not only for the Saudi and US nations and governments but also for the region nations since they will affect positively and directly the economy growth.”

He noted that the Saudi-US CEO Forum that was held in Riyadh lately on the sidelines of the US President Donald Trump visit to the kingdom has provided a rare and huge opportunity to discuss many points of strength between the two countries and possible ways to make use of the positive conditions.

Quincy Group president said that “this was a golden opportunity to explain the Saudi Vision 2030 that is considered the most significant tool to underpin partnership.”

He added that Quincy Group is ready to move forward in the cooperation with huge specialized companies in the defense, aerospace and security manufacturing and the managing of mutual projects with Saudi state institutions.

Trump stated in Riyadh – ten days ago – that USD400 billion agreements and deals have been sealed between Riyadh and Washington – he described them as historic ones.