The Kingdom of Saudi Arabia has signed $50 billion worth of contracts.

The Kingdom of Saudi Arabia has signed $50 billion worth of contracts at an investment conference in Riyadh on Tuesday 23/10/2018.

The deals were signed in oil, gas, infrastructure, and other sectors at the Saudi international business forum dubbed the ‘Davos in the desert’. Companies involved in the deals include Total, Hyundai, Schlumberger, Baker Hughes, and others.

Saudi oil giant Aramco clinched agreements with 15 international partners worth more than $34 billion.

About 320 foreign institutions have registered as qualified foreign investors on the Saudi Stock Exchange and another 200 are expected to follow.