Saudi Aramco has signed several agreements at the Future Investment Initiative conference in Riyadh, according to Zawya.
Aramco signed a $1-billion deal with Tubacex Group for investments in CRA pipe threading, weld overlay, and cladding manufacturing facilities in Saudi Arabia.
The company signed a deal worth $230 million with Baker Hughes for the development of artificial intelligence and digital transformation.
A memorandum of understanding (MoU) was signed between Aramco and APQ to form a joint venture (JV) worth $600 million.
Aramco also signed a $200-million deal with Dassault Systems aimed at collaborating on data analytics, project management, and smart cities.