Saudi Arabia inks 18 bilateral agreements with US in promising sectors

By Arya M Nair, Intern Reporter
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Saudi-US
Officials representing Saudi Arabia & US at the agreements signing ceremony

The Saudi Ministers of Energy, Investment, Communications and Health have concluded 18 agreements with their US counterparts during US President Mr. Joe Biden’s visit to the Kingdom.

The agreements unlock new avenues for joint cooperation in investment, energy, ICT, space and health. The agreements align with Saudi Vision 2030, led by HRH Prince Mohammed bin Salman, as it seeks wider investment opportunities in promising sectors that can benefit the peoples of both nations.

The bilateral agreements comprise 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and numerous private sector companies. They include a group of leading American companies, such as Boeing Aerospace, Raytheon Defense Industries, Medtronic and Digital Diagnostics, IKVIA in the healthcare sector, and many other US companies across the energy, tourism, education, manufacturing and textiles sectors.

The Saudi Space Authority (SSA) also signed the Artemis Accords with the US Space Agency (NASA), which would allow it to undertake the joint exploration of the Moon and Mars in cooperation with the American space agency, while granting the Kingdom a seat in the international coalition preparing for the civil exploration and use of the Moon, Mars, comets and asteroids for peaceful purposes.

The Ministry of Communications and Information Technology (MCIT) signed a memorandum of cooperation with IBM, a leading digital tech company, to upskill 100,000 young women and men over 5 years within 8 innovative initiatives that can position the Kingdom as a hub for technology and innovation in the Middle East and North Africa (MENA) region.

MCIT also signed a Memorandum of Cooperation (MoC) with the US National Communications and Information Administration (NTIA), which includes cooperation between the two countries on 5G and 6G technologies. The agreement targets accelerating the growth of the digital economy and enhancing the pace of research, development and innovation in the Kingdom’s digital ecosystem.

The Saudi Ministries of Energy (MoE) and the United States of America signed a partnership agreement on clean energy, which includes defining areas and projects of cooperation in this sector, alongside cooperation in civil nuclear energy and Uranium, while reinforcing the efforts of the two countries in promoting clean energy and climate action.

The Saudi and US ministries of health also signed an MoC on public health, medical sciences and research. It aims to support and bolster existing relations in public health among individuals, organizations and institutions. It also seeks to consolidate joint efforts in addressing public health issues and medical, scientific and research challenges, as well as the exchange of information, expertise and academics.

The MoC also seeks to organize joint training for workers in the health and medical fields, while addressing the proper application of health information systems, research and development and health innovation.

Related: UAE’s SirajPower & Cleanco ink deal to develop solar-diesel-battery project


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