RIYADH (Reuters) - Saudi Aramco has signed several deals at the Future Investment Initiative conference in Riyadh, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.
It signed a $1 billion deal with Tubacex Group (TUBA.MC) to invest in CRA pipe threading and weld overlay and cladding manufacturing facilities in the kingdom.
It reached an agreement worth $230 million with Baker Hughes (BKR.N) on investment and development of artificial intelligence and digital transformation, the statement said.
Aramco signed a memorandum of understanding to form a joint venture with APQ (APQ.L) valued at $600 million.
It also signed a $200 million deal with Dassault Systems aimed at collaborating on data analytics, project management and smart cities, SAGIA said.
Reporting by Davide Barbuscia, writing by Nafisa Eltahir; editing by Jason Neely