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Edelman strikes $6 million deal with Saudis to promote G-20 business summit

Saudi petrochemicals company SABIC has hired the Chicago-based PR giant to support this year’s Business 20 gathering in Riyadh.
A man walks past the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh, Saudi Arabia October 27, 2013. REUTERS/Faisal Al Nasser/File Photo     TPX IMAGES OF THE DAY      - S1BETCCGREAA

Saudi petrochemicals giant SABIC has hired public relations juggernaut Edelman for help in pulling off the global business conference tied to this year’s G-20 summit of leading rich and developing nations in Riyadh.

The contract, which runs from February until January 2021, notably calls on Edelman to help with media relations and event planning around the Business 20 (B20) dialogue forum with the international business community. The agreement is for $5.6 million, plus $1 million in estimated expenses — making it the most lucrative Middle East lobbying and public relations contract in more than a year.

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