Joint Statement of the U.S.-Saudi Arabia Strategic Dialogue
U.S.-Saudi Arabia Relations
Saudi Arabia’s unique role in the Arab and Islamic worlds, its holding of the world’s second largest reserves of oil, and its strategic location all play a role in the long-standing bilateral relationship between the Kingdom and the United States. The United States and Saudi Arabia have a common interest in preserving the stability, security, and prosperity of the Gulf region and consult closely on a wide range of regional and global issues. Saudi Arabia plays an important role in working toward a peaceful and prosperous future for the region and is a strong partner in security and counterterrorism efforts and in military, diplomatic, and financial cooperation.
U.S. Assistance to Saudi Arabia
The U.S. and Saudi Arabia have a longstanding security relationship. Saudi Arabia is the United States' largest foreign military sales (FMS) customer, with more than $100 billion in active FMS cases. Additional assistance supports closer cultural, educational, and institutional ties between the U.S. and Saudi Arabia. The U.S.-Saudi partnership is rooted in more than seven decades of close friendship and cooperation, enriched by the exchange opportunities that are key to the promotion of mutual understanding and the long-term development of ties.
Bilateral Economic Relations
The United States and Saudi Arabia enjoy a strong economic relationship. The United States is Saudi Arabia’s second largest trading partner, and Saudi Arabia is one of the United States’ largest trading partners in the Middle East. Saudi Arabia is the third leading source of imported oil for the United States, providing about half a million barrels per day of oil to the U.S. market. The United States and Saudi Arabia have signed a Trade Investment Framework Agreement. Saudi Arabia launched its Vision 2030 program in April 2016, laying out plans to diversify the economy, including through increased trade and investment with the United States and other countries.