US companies have won a series of high-profile deals in Saudi Arabia during the past six months, underlining the confident return of US business to the kingdom.
The revival of trading ties that degraded markedly in the wake of the September 11 attacks of 2001 is being strongly supported by the US administration, with Saudi Arabia and other Gulf states seen as a key element of President Barack Obama’s initiative to double US exports in five years.
Saudi Aramco, the world’s largest oil company, last week purchased $500m worth of generators and compressors from General Electric to expand its Shaybah oil and gas field. Last month, Maaden, the Saudi mining company, signed a $1.9bn deal with US Alcoa for phase one of a $10.8bn aluminium project.
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