Saudi Arabia is also seeking to increase oil production within OPEC+ to regain market share, aiming to significantly boost current output levels leveraging its spare capacity.

Saudi Arabia is in advanced negotiations with the US to establish a defense pact similar to the US-Qatar agreement, aiming to deepen military and intelligence cooperation, potentially during Crown Prince Mohammed bin Salman's upcoming visit to Washington.

These negotiations are occurring amid regional instability, including recent Israeli airstrikes on Doha targeting Hamas leaders, which have heightened tensions across the Middle East.

Security ties are a priority for Saudi Arabia due to its development ambitions, but concerns about normalization with Israel, especially given Prince Mohammed's condition that it depends on establishing a Palestinian state, complicate the process.

Sources indicate that the negotiations are at an advanced stage and a deal could be finalized soon, although final approval remains uncertain.

Discussions about the pact are ongoing at high levels, but both the White House and Saudi officials have not officially commented, leaving details still in flux.

The lack of official statements from the White House and Saudi government underscores the sensitive nature of the negotiations.

The US aims to strengthen ties with Saudi Arabia through this deal, building on a history of large arms sales, including a $142 billion arms package announced during Trump's visit, which underscores strong US support for Riyadh's military capabilities.

Key US defense companies like Lockheed Martin, Northrop Grumman, and General Dynamics are poised to benefit from increased defense contracts, with their stocks performing well this year.

Regional security is also evolving through broader strategic moves, such as Saudi Arabia's involvement in diplomacy, including a $90 million donation to Palestine and agreements on critical mineral supply chains.

Observers see these developments as part of a broader emerging regional security alliance, especially amid recent conflicts involving Israel, Iran, and India-Pakistan skirmishes.

Amid these complex regional dynamics, Saudi Arabia continues to navigate its relations with Israel, the US, and neighboring countries, balancing security interests with diplomatic considerations.