Saudi Aramco, Saudi Arabia's state oil firm, will sign deals with 10 U.S. companies on Saturday during President Donald Trump's visit to Saudi Arabia, Reuters reports.

The deals with top U.S. companies such as oilfield services firms Schlumberger (SLB - Get Report) , Halliburton (HAL - Get Report) , Baker Hughes (BHI) , and Weatherford (WFT - Get Report) are part of the oil giant's push to develop local manufacturing.

Aramco will also sign deals with General Electric (GE - Get Report) and drilling companies National Oilwell Varco (NOV - Get Report) , Nabors Industries (NBR - Get Report) and Rowan Companies (RDC) .

Saudi Aramco is expected to be the biggest initial public offering in history when it prices next year.

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