Wednesday, 24 October 2018

Factbox: Foreign investment in Saudi Arabia | Reuters

Factbox: Foreign investment in Saudi Arabia | Reuters:

Scandal surrounding the killing of Saudi journalist Jamal Khashoggi has shrunk the attendance of senior executives from multinational companies at this week’s Future Investment Initiative conference in Riyadh.

But the Gulf’s largest economy remains an important market for global businesses, ranging from oil majors to leading banks.

More than $50 billion in deals were signed at the conference on Tuesday, including a deal between Total (TOTF.PA) and Saudi Aramco [IPO-ARMO.SE] to create a retail network in the kingdom.

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