Saudi Aramco, the global oil giant, has announced the signing of 34 initial agreements with a number of major American companies, whose potential total value is 90 billion dollars, according to Reuters.
These agreements – which were announced today, Wednesday, are highlighted – the strength of the economic partnership between Riyadh and Washington, at a time when the Kingdom is intensifying its efforts to diversify its economy away from dependence on oil, by attracting qualitative foreign investments.
Aramco explained that the agreements concluded include liquefied natural gas sectors, fuel and chemicals, in addition to the techniques of reducing carbon emissions and artificial intelligence, as part of their orientation towards sustainable industrial development.
The CEO of the company, Amin Al -Nasser, said during his participation in the Saudi -American Investment Forum held in Riyadh on Tuesday, that “the United States is an ideal place for our investments,” noting deals signed with the American Nix Dickide and the American Smdra, which are ranging in the areas of LNG and energy infrastructure.
This forum comes in the context of a Gulf tour conducted by US President Donald Trump, including Saudi Arabia, Qatar and the UAE, and was distinguished by wide official reception ceremonies and huge commercial deals, including Saudi Arabia’s announcement of the intention of investing $ 600 billion in the American market, as well as armament agreements worth $ 142 billion, according to Reuters.
