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Trump inks military deal on arrival in Saudi Arabia
http://www.dw.com/en/trump-inks-military-deal-on-arrival-in-saudi-arabia/a-38917844
20.05.2017
Trump inks military deal on arrival in Saudi Arabia
The United States has announced military deals worth $110 billion with Saudi Arabia. President Donald Trump is at the start of an eight-day tour that will take him to Riyadh, Jerusalem, the Vatican and European capitals. The $110-billion (around 100 billion euros) deal for Saudi purchases of US defense equipment and services was one of several deals announced during Trump's visit to Saudi Arabia. The military sales deal is effective immediately, with another $350 billion set of deals to kick in over the next 10 years.
"This package of defense equipment and services support the long-term security of Saudi Arabia and the Gulf region in the face of Iranian threats," a White House official said when announcing the deal.
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US conglomerate General Electric also announced it had signed agreements and memorandums of understanding worth $15 billion with the oil-rich kingdom.
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