U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits

U.S. and Saudi  Arabian companies signed business deals worth tens of billions of  dollars on Saturday during a visit by U.S. President Donald Trump, as  Riyadh seeks help to develop its economy beyond oil. National oil firm Saudi Aramco said it signed $50 billion of agreements with U.S. firms. Energy minister Khalid al-Falih said deals involving all companies totaled over $200 billion, many of them designed to produce things in Saudi Arabia that had previously been imported.

Publisher: Reuters | Author: Reem K. Shamseddine

TAGS
economy, oil companies, saudi arabia, and trump agenda
DATE PUBLISHED
2017-05-21 (Modified: 2017-05-21)

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http://www.reuters.com/article/us-saudi-usa-trump-deals-idUSKCN18G05P

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