Saudi Aramco has signed 34 preliminary agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said on Wednesday.
The deals highlight deepening U.S.-Saudi commercial ties as the kingdom pushes ahead to diversify its economy and attract foreign investment. The agreements span liquid natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, it added.
“The U.S. is really a good place to put our investment,” Aramco CEO Amin Nasser said on Tuesday at the U.S.-Saudi Investment Forum in Riyadh. He was announcing deals with U.S. liquefied natural gas producer NextDecade and utility company Sempra.
The event coincided with U.S. President Donald Trump’s four-day tour of the Gulf, marked by lavish receptions and a series of business deals, including Saudi Arabia’s $600 billion pledge to invest in the United States and $142 billion in arms agreements.
Source : Reuters
As with the informal economy, the lack of data on social capital in developing nations…
Over the past decade, euro area insurers have been challenged by the prolonged period of…
FinTech has transformed finance, but the broader effects of digital payments on consumers, businesses, and…
The global minimum tax represents the most ambitious international effort in decades to curb profit…
Green debt has become a defining feature of sustainable finance, as firms and investors seek…
Have you ever wondered how satellites orbiting thousands of kilometers above Earth can help farmers…