36 MOUs worth $20 billion signed between Saudi-US companies at CEO Forum

ARAB NEWS NEW YORK: More than 200 business leaders from Saudi Arabia and the US were at the second annual Saudi-US CEO Forum to create partnerships, strengthen the economic ties between the Kingdom and the US, as well as to promote bilateral trade.

The Kingdom’s Vision 2030 introduced by Saudi Arabia’s Crown Prince Mohammad bin Salman has brought wide ranging economic and social reforms to the Kingdom. These reforms are already responsible for numerous changes in the the country and were the catalyst for the 36 MoU signings announced at the forum.

The agreements brought about business totaling more than $20 billion; with more MOU signings pipeline, poised for a later date.

The MOU signings built partnerships across several sectors including health care, manufacturing, entertainment, education and information technology.

A few of the MOU signings announced today included:

An Aramco-Google partnership focused on national cloud services and other technology opportunities
A five year-content-led initiative between ITHRA and National Geographic to propel Saudi Arabia as the region’s center for creativity and entertainment
A partnership between Aramco and Raytheon to establish national cybersecurity services
A MOU between SIDF and JP Morgan to explore collaboration in industrial financing in the Kingdom
A partnership between Al-Rushaid and International SOS to provide medical services in the Kingdom with a focus on remote area clinics.

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