Looking back at more than 80 years of Saudi-US economic cooperation

What began as a reliance on oil and gas has expanded to more diverse economic collaboration built on Vision 2030 initiatives. Economic cooperation between the two nations was solidified in the early 1930s when King Abdulaziz granted the right of oil exploration to the American company Standard Oil through a 66-year contract. This led to the formation of the Arabian-American Oil Company, better known as Aramco (Read more at Arabnews).