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US, Saudi Arabia agree on business deals www.nhk.or.jp
US President Donald Trump wrapped up the first day of his visit to Saudi Arabia by touting huge investment deals. He said the projects involved would lead to tens of thousands of new jobs in both countries.
Trump received a royal welcome Saturday as he arrived in Riyadh on the first leg of his first foreign tour since taking office. After meeting with King Salman bin Abdulaziz and other royal family members, he ended the day with a banquet and dancing.
Government officials of both countries say Saudi and US company representatives held talks on business projects worth at least 200 billion dollars.
Saudi Arabia's state-run oil firm, Saudi Aramco, signed 50 billion dollars' worth of agreements with 11 American firms, including General Electric.
US private equity firm Blackstone said Saudi Arabia's Public Investment Fund will provide 20 billion dollars for a new fund for infrastructure projects in the United States.
Published Date:2017-05-21
