Aramco signs slew of deals at Future Investment Initiative conference
RIYADH (Reuters) - Saudi Aramco has signed several deals at the Future Investment Initiative conference in Riyadh, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.
It signed a $1 billion deal with Tubacex Group
It reached an agreement worth $230 million with Baker Hughes (NYSE: BKR) on investment and development of artificial intelligence and digital transformation, the statement said.
Aramco signed a memorandum of understanding to form a joint venture with APQ
It also signed a $200 million deal with Dassault Systems aimed at collaborating on data analytics, project management and smart cities, SAGIA said.
(Reporting by Davide Barbuscia, writing by Nafisa Eltahir; editing by Jason Neely)