Riyadh – Mubasher: Saudi Aramco intends to sign around ten energy agreements during US President Donald Trump’s visit to Saudi Arabia, sources told Bloomberg.

The agency noted that the most prominent companies with which Aramco may enter into agreements are General Electric Co, Schlumberger Ltd, and Halliburton Co.

Sources added that the Saudi oil giant also plans to sign accords with Baker Hughes Inc., KBR Inc., Jacobs Engineering Group Inc., Nabors Industries Ltd, Weatherford International Plc, McDermott International Inc, and Rowan Companies Plc.

The deals will be signed on 20 May during Trump’s first foreign trip as president, Bloomberg reported.

The Saudi sovereign wealth fund intends to invest as much as $40 billion into US infrastructure; plans may be announced during Trump’s visit, the agency highlighted.