US, Saudi Arabia sign 18 agreements in energy, other areas


FE Team | Published: July 16, 2022 15:15:14 | Updated: July 16, 2022 17:01:51


US President Joe Biden participating in a bilateral meeting with Saudi Arabia's Crown Prince Mohammed bin Salman at Al Salam Royal Palace in Jeddah in Saudi Arabia on Friday –Reuters photo

The United States and Saudi Arabia signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by US President Joe Biden, Saudi state TV al-Ekhbariya reported.

The agreements include deals with US aerospace and defence firms Boeing and Raytheon, as well as healthcare companies Medtronic, Digital Diagnostics, and IQVIA, reports Reuters citing the Saudi state news agency (SPA).

There were also agreements in clean energy projects, nuclear energy and uranium, it said.

Wealthy Gulf OPEC members like Saudi Arabia and the UAE are investing in renewable and clean energy while also stressing the continued importance of hydrocarbons for global energy security at a time of growing calls for a shift away from fossil fuels.

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