GE Announces Deals Worth Over $1.4 Billion With Saudi Arabia - Energy Watch News


GE Announces Deals Worth Over $1.4 Billion With Saudi Arabia

GE said its agreement with the Saudi Arabian Industrial Investments Co.would see it help develop industry and manufacturing in the kingdom, as well as create jobs for Saudi youth. Other projects, which GE did not offer monetary values for, include boosting the local aviation repair industry, offering digital services to factories, working on manufacturing LED lights in the kingdom and training young men and women. In the future, there’s a possibility of another $2 billion in projects coming after 2017, the company said. 5/24 AP

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