MAMMOTH DEALS WELCOME TRUMP
US corporations ink agreements worth hundreds of billions of dollars
Saudi Arabia, the world’s biggest oil exporter, is eager to reset relations with the new administration after feeling shunned by former president Barack Obama, who crafted the 2015 nuclear deal with their rival Iran.
The kingdom is also embarking on plans to diversify its economy away from oil — including the sale of a stake in Aramco — after crude prices slumped.
Honeywell International Inc, Nabors Industries Ltd, Exxon Mobil Corp and Lockheed Martin Corp were among other US companies that signed accords on Saturday after American corporate titans met local business heads, here.
“Many of us sitting at the table are overseeing substantial investments in the US,” said Energy Minister Khalid Al-Falih on a panel at the inaugural Saudi-US CEO Forum that included Saudi billionaire Lubna Al-Olayan and Finance Minister Mohammed AlJadaan. Bloomberg
United States President Donald Trump at the Gulf Cooperation Council Summit in Riyadh on Saturday.