Kaeser was scheduled to sign the agreement while attending the Future Investment Initiative conference in Saudi Arabia this week, said the people, who asked not to be identified because the talks aren’t public. Kaeser was one of the last high-profile CEOs to pull out of FII, which was meant to highlight Saudi Crown Prince Mohammed bin Salman’s efforts to diversify the Gulf kingdom’s economy. Participation at the event, which started Tuesday in Riyadh, has become a litmus test for corporate chieftains following the killing of journalist Jamal Khashoggi.
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