Riyadh – Mubasher: Saudi Minister of Energy, Industry and Mineral Resources, and Aramco’s chairman Khalid Al-Falih has signed $50 billion contracts on the sidelines of the Future Investment Initiative (FII) conference.
The deals are distributed over various sectors, including oil, gas, and infrastructure.
State-run Saudi Aramco also signed agreements with as much as $30 billion in investments to boost the nationalisation of oil industries in the oil-rich Kingdom.
The FII conference, dubbed “Davos in the Desert”, started in Riyadh earlier on Tuesday and would continue until Thursday, 25 October.
