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Saudi Arabia Just Inked Over $10 Billion in New Deals with U.S. Firms

by | published April 7th, 2018

Saudi Arabian Crown Prince Mohammad bin Salman’s (MbS) has finally wrapped up his goodwill U.S. tour, but he’s not going home empty-handed.

During his three-week “charm tour,” MbS and Saudi Aramco inked over $10 billion worth of deals with over a dozen U.S. companies ranging from Google (GOOGL), Raytheon Co. (RTN), Halliburton Co. (HAL), and even theater giant, AMC Entertainment  Holdings Inc. (AMC).

Speaking on the deals, Saudi Aramco President and CEO Amin H. Nasser said:

“We have enjoyed a long and successful relationship with our US partners since the discovery of oil in Saudi Arabia more than 80 years ago, and it is a pleasure to be here today among so many friends whom are all looking to explore and develop opportunities for commercial, industrial and economic cooperation between the Kingdom and the United States, which we hope will achieve exceptional success during the next 80 years to serve future generations.”

Nasser also stressed that the commercial cooperation discussed today reflected the range and ambition of MbS’ Vision 2030 plan for the desert kingdom.

Longtime Oil & Energy Investor readers know that Vision 2030 aims to boost Saudi Arabia’s non-oil revenue and relies in part on raising money through the eventual public listing of shares in Saudi Aramco.

You also know that the Saudis need to roll out their Vision 2030 plan if the country wants to survive.

Ever since the 2014-2015 oil price collapse slashed the kingdom’s main source of revenue – about 77%-88% of its total income – the Saudi government has been in a downward spiral.

And as the Saudi government spends more money than it has, particularly in defense costs, the world’s second-largest oil producer is draining cash faster than they can make it

With overwhelming (and record-breaking) debt bringing his nation to the brink, MbS knows he needs to shift Saudi Arabia toward renewables, reserving Saudi Arabia’s oil bounty for pricier exports only.

And that’s why I believe that the upcoming Aramco IPO will be a game-changing event unlike anything we’ve seen before.

This $2 trillion financial event is going to funnel a massive wave of new wealth into the market – creating a surge of newly-minted millionaires in the process.

In fact, early investors could be looking at combined gains of 1,329% or more from these just four backdoor plays alone long before the IPO ever takes place.

Make no mistake; this is going to be a once-in-a-lifetime opportunity.

We recently sat down to discuss everything you need to know about this historic IPO.

All you have to do is click here to see it for yourself.

Sincerely,


Kent

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  1. Alan James Suitor
    April 8th, 2018 at 08:08 | #1

    Sounds interesting. I like the information I receive from Oil & Energy, with Dr Kent Moors.

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