RIYADH (Reuters) - Saudi Arabia plans to sign deals worth more than $50 billion (39 billion pounds) in the oil, gas, industries and infrastructure sectors at an investment conference in Riyadh on Tuesday, a source familiar with the matter said.
The deals will be signed with companies including Trafigura, Total (PA:TOTF), Hyundai (KS:011760), Norinco (SZ:000065), Schlumberger, Halliburton (N:HAL) and Baker Hughes (N:BHGE), the source said.
The deals will include the establishment of a copper, zinc and lead smelter with Trafigura Group; a joint agreement to build an integrated petrochemical complex and downstream park in the second phase of the SATORP refinery, jointly held by Saudi Arabia's Aramco and Total; and investments in retail gas stations also by Aramco and Total.