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US, Saudi firms sign deals worth $200 bn as Trump visits

National oil firm Saudi Aramco said it signed $50 billion of agreements with US firms

Reuters  |  Riyadh 

US and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by 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 US firms. Energy minister Khalid al-Falih said deals involving all companies totalled over $200 billion, many of them designed to produce things in Saudi Arabia that had previously been imported. Business leaders on both sides were keen to demonstrate their talks had been a success, so there was an element of ...

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First Published: Sat, May 20 2017. 20:21 IST
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