Crown Prince Chairs Cabinet Session Following US Visit and Landmark $270 Billion Agreements
Riyadh – BETH
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the Cabinet session held today in Riyadh.
At the outset, His Highness briefed the Cabinet on the outcomes of his official visit to the United States and his discussions with President Donald Trump, which reaffirmed over nine decades of historic friendship and the strategic partnership between the two nations. The talks also underscored the mutual commitment to strengthening cooperation and aligning views on key regional and international issues. The Crown Prince also met with the Speaker of the House and several congressional leaders.
A New Phase in Saudi–US Strategic Relations
The Cabinet highlighted the importance of the summit’s outcomes, including the signing of the Strategic Defense Agreement, in addition to several major agreements:
The Strategic Partnership Framework for Artificial Intelligence
Joint declaration on the completion of negotiations on civil nuclear energy cooperation
Framework for securing uranium, critical minerals, and permanent magnet supply chains
Framework for accelerating Saudi investments and financial-economic partnerships
MoU in education and training
Multiple agreements and MoUs signed during the Saudi–US Investment Forum totaling $270 billion
These agreements reflect Saudi Arabia’s confidence in the strength of the US economy and its commitment to seizing high-value opportunities that support diversification, SME growth, technology localization, and knowledge transfer—while reinforcing the strategic partnership across defense, energy, technology, education, and economic sectors.
Key Political Positions
The Cabinet noted the Crown Prince’s emphasis on the importance of achieving peace, security, and stability in the region, expressing appreciation for President Trump’s efforts to halt the war in Gaza, while reiterating the need for a credible path toward the two-state solution ensuring the Palestinian people’s legitimate rights.
The Cabinet welcomed President Trump’s response to the Crown Prince’s call to work toward ending the war in Sudan, preserving the country’s unity and stability, and easing the humanitarian suffering.
In the Donors’ Forum, Saudi Arabia reaffirmed its commitment to supporting the Palestinian people’s aspirations for an independent state along the 1967 borders with East Jerusalem as its capital, and stressed the need for a full Israeli withdrawal from Gaza to begin reconstruction and stabilization.
International Engagements and Development Milestones
The Cabinet reviewed Saudi Arabia’s participation in the G20 Leaders’ Summit in South Africa, reiterating the Kingdom’s support for WTO reform and a fair, transparent multilateral trading system.
It also commended the strong performance of Cityscape Global 2025, which achieved real estate deals worth 237 billion SAR, reinforcing the global prominence of the Saudi real estate market.
The Cabinet welcomed the 21st Global Manufacturing and Industrialisation Summit (GMIS) held in Riyadh with participation from 173 countries, and highlighted Saudi Arabia’s election as President of the UN Industrial Development Organization (UNIDO) General Conference for two years.
Additionally, the Cabinet commended key international meetings hosted in Riyadh, including the Emerging Markets Forum of the Financial Stability Board and the Middle East & Africa Innovation Summit, noting the election of the Governor of the Saudi Central Bank to the BIS Board.
Cabinet Resolutions
The Cabinet approved a range of MoUs and agreements with the UAE, Italy, South Africa, Palestine, Hong Kong, Montenegro, Finland, Tajikistan, Kuwait, Turkey, and Kyrgyzstan.
It also approved:
The Sports Law
The Financial Oversight Law
The National Privatization Strategy
Amendments to the Real Estate Registration Law
Regulation for the Center for Supporting Development Authorities and Strategic Offices
Several high-level appointments and promotions
The Cabinet also reviewed annual reports from national institutions and took the necessary decisions.
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BETH Commentary – Strategic Insight (Concise)
1) The visit was not diplomatic routine—it's a redesign of the Saudi–US relationship.
Defense, AI, civil nuclear energy, supply chains… this is a long-term architecture for the next two decades.
2) The $270 billion agreements represent global confidence in “Saudi Arabia 2030”.
Not just investments—structural partnerships in technology, energy, and advanced industries.
3) Saudi Arabia’s regional role is becoming central.
From Gaza to Sudan, Riyadh is shaping the political landscape rather than reacting to it.
4) Domestically, decisions span defense, economy, education, justice, and technology—reflecting a modern state in motion.
Bottom line:
Saudi Arabia is not a participant in global transformation…
It is one of the forces creating it.