State oil giant Saudi Aramco is set to sign deals worth $50 billion with US companies on Saturday, the first day of President Donald Trump’s visit to the kingdom, reported Bloomberg, citing its top official.

Aramco will sign initial accords and joint-venture deals with companies including General Electric, oil field-service businesses Schlumberger and Halliburton Company, stated its chief executive Amin Nasser.

These companies are “trying to expand their footprint in the kingdom by expanding trade between the two sides,” Nasser told reporters in Riyadh.

Trump is making Saudi Arabia his first overseas stop in an eight-day trip that will also take him to Israel and Europe.

Executives from dozens of top US companies as well as leaders and representatives from 54 Arab and Muslim countries will be present during his two-day stay in the kingdom, a close US ally, said the Bloomberg report.

The world’s biggest crude oil exporter also plans to sign accords with Baker Hughes, KBR, Jacobs Engineering Group, Nabors Industries, Weatherford International, McDermott International and Rowan Companies, two people familiar with the matter said earlier this week, it added.