FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

RIYADH (Reuters) - Saudi Aramco has signed several deals at the Future Investment Initiative conference in Riyadh, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.

It signed a $1 billion deal with Tubacex Group TUBA.MC to invest in CRA pipe threading and weld overlay and cladding manufacturing facilities in the kingdom.

It reached an agreement worth $230 million with Baker Hughes BKR.N on investment and development of artificial intelligence and digital transformation, the statement said.

Aramco signed a memorandum of understanding to form a joint venture with APQ APQ.L valued at $600 million.

It also signed a $200 million deal with Dassault Systems aimed at collaborating on data analytics, project management and smart cities, SAGIA said.