‘Davos in the desert’ sees $50bn deals despite backlash

23 October 2018

Saudi Arabia has agreed $50bn worth of deals on the opening day of its annual investment conference. A number of these will improve the country’s domestic supply chain, according to Saudi Aramco.

At the Future Investment Initiative event in Riyadh, the state-owned oil giant said it had signed 15 agreements worth a total $34bn with companies including Total, Haliburton and National Petroleum Construction Company.

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