27.01.2025 09:41
Saudi Arabia's Crown Prince Mohammed bin Salman and Italy's Prime Minister Giorgia Meloni have agreed to establish a 'Strategic Partnership Council' to strengthen bilateral relations. It was announced that the total value of the agreement is 10 billion dollars.
Saudi Arabia's Crown Prince Mohammed bin Salman and Italian Prime Minister Giorgia Meloni agreed to establish a "Strategic Partnership Council" during their talks aimed at strengthening bilateral relations.
According to the Saudi news agency SPA, Bin Salman and Meloni met in the city of Al-Ula in the west of the country.
The discussions addressed bilateral relations that serve common interests and the possibilities for supporting and developing relations in various fields.
10 BILLION DOLLAR MEGA DEAL
Following the talks, agreements were signed to establish a "Strategic Partnership Council" between the two countries, while Meloni received information about Saudi Arabian culture. The total value of the agreement was announced to be 10 billion dollars. Italian Prime Minister Meloni had arrived in the city of Al-Ula, one of Saudi Arabia's winter holiday resorts, to meet with Crown Prince Bin Salman on Sunday.
SAUDI ARABIA'S 600 BILLION DOLLAR INVESTMENT PLAN FOR THE US
The Crown Prince of Saudi Arabia stated during a phone call with Trump that the kingdom plans to invest 600 billion dollars in the US. The Crown Prince mentioned on Thursday that the kingdom intends to invest 600 billion dollars in the US over the next four years, comments that were interpreted as a price tag for Trump's earlier visit to the kingdom as his first foreign trip.
Trump's visit to Saudi Arabia in 2017 overturned the tradition of US presidents making their first foreign trips to the United Kingdom. Additionally, it reflected his administration's close ties with the leaders of oil-rich Gulf countries, as his real estate company sought deals throughout the region.
INVESTMENT AND TRADE WITH THE US WILL BE EXPANDED
The comments of Crown Prince Mohammed bin Salman, reported by the state-run Saudi Press Agency early Thursday, came during his phone call with Trump.