In a broad-based push for economic reform and as part of that effort, Saudi Arabia signed a flurry of deals with private US companies worth tens of billions of dollars during a visit by US President Donald Trump.

The Saudi Arabian Public Investment Fund (PIF) has announced the creation of a new national military industries company, wholly owned by the government, which will form a key part of Vision 2030.

Among a series of deals signed by the US and Saudi Arabia last month, here are the top 15 agreements between the two nations: •      Saudi Aramco: Deals worth $50 billion with US companies. •      General Electric signed construction and mining deals worth $15 billion.

The City of Riyadh, capital of Saudi Arabia, is building the world’s largest public transit system – the King Abdulaziz Public Transport Project – in just five years. According to The High Commission for the Development of Arriyadh (HCDA) construction of the project will finish at the end of 2018.

The Small and Medium Enterprises (SME) General Authority of Saudi Arabia has announced the establishment of HUB1006, an operating entity for a series of entrepreneurial hubs focused on growing the SME and start-up sectors across the Kingdom.

Saudia Arabia is targeting to increase the private sector’s contribution to GDP from 40 per cent to 65 per cent as part of the kingdom’s Vision 2030 plan, said a top official.

Spanish architectural systems provider Aluman Group, an established business group spread across Europe, America and North Africa, is all set to establish its presence in the Middle East region.