Saudi inks trade deals worth $50 billion at investment conference

ANI  |  Riyadh [Saudi Arabia] 

has signed trade deals worth 50 billion USD with global companies at the investment conference 'in Desert' amid the international furore over the killing of Jamal

Companies based in the United Arab Emirates, Japan, and have also signed a deal with

Business quoted as saying that 16 billion USD worth of deals had been done in other sectors of the Saudi economy.

Aramco is also partnering with US oilfield service firms (HAL), (SLB) and (BHGE). US conglomerate (APD) will also be working on a

In a statement, Aramco said, "These collaborations reflect the range and ambition of Saudi Aramco's business interests, reinforcing its position as the world's and company.

The Future Investment Initiative or in Desert that kicked off on Tuesday highlighted Saudi's initiatives of investment into domestic tourism projects and global tech companies as part of an effort to diversify the economy as well as to reflect the country's modernisation efforts.

Several countries are still investing in Saudi despite the global uproar over Khashoggi's killing since they have decades-long relations and partnership with the Gulf country.

Khashoggi, a of Saudi Arabia's went missing on October 2 after he entered the

While claimed that was murdered in the consulate, Saudi officials said that the died there after a brawl.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 24 2018. 05:00 IST