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Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum

  • Global leaders shun conference in Riyadh after critic killed
  • Saudi Aramco signs deals with Total, Hyundai and Halliburton
Trafigura CEO Jeremy Weir signs a joint agreement with an affiliate of Modern Industrial Investment Holding Group.
Trafigura CEO Jeremy Weir signs a joint agreement with an affiliate of Modern Industrial Investment Holding Group.Photographer: Javier Blas/Bloomberg
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Saudi Arabia showcased international deals worth about $50 billion as the kingdom tried to put the best possible gloss on a flagship investment summit shunned by global business leaders after the killing of Jamal Khashoggi.

While some of the deals were new, others had been made public previously or were merely incremental. Among genuinely fresh commitments, commodities trading house Trafigura Group signed a venture to develop a smelter and refining complex. State oil giant Saudi Aramco accounted for more than half of the 25 agreements.