Saudi Energy Minister Khalid Al-Falih said on Thursday that the kingdom signed more than 25 agreements and memorandums of understanding in the fields of energy during the investment initiative forum in Riyadh, worth 56 billion dollars.
The minister said in remarks to the Saudi news channel that US companies have acquired most of the signed deals.
The agreements included investments in the fields of oil refining, petroleum technologies and chemical industries, as well as agreements in the manufacturing industries.
The Economic Forum concludes on Thursday and seeks to explore trends and opportunities that will contribute to sustainable returns and positive impacts and build a network of key players in the global arena.
The initiative, in which thousands of people from all over the world participated, will highlight emerging sectors that will shape the future of the global economy in the coming decades.
The Saudi Public Investment Fund (PIF) has unveiled the Future Investment Initiative program, under a rich agenda of more than 40 sessions, open debates and workshops.
