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The US and Saudi Arabia have signed hundreds of billions of dollars worth of business deals following Donald Trump’s trip to the oil-rich state. The biggest deal was for nearly US$110 billion worth of weapons (extending to US$350 billion over ten years). But a number of smaller agreements were made between Saudi and US firms, as part of Riyadh’s goal to diversify its economy.
Saudi Arabia’s economy is almost entirely dependent on oil exports and the need to diversify has become increasingly evident in recent years. A global glut of oil has caused prices
