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FINANCIAL NEWS
Baker Hughes inaugurates $55m facility in Dammam
05 Apr 2010
(MENAFN) The Chief Executive Officer at Baker Hughes announced that the Houston-based oilfield services company has inaugurated a new operations center in Dammam, Saudi Arabia, at a total cost of $55 million, Arab News reported.
The CEO indicated that the 100,000-square-meter facility, which houses laboratories, offices, repair and maintenance operations along with a remote collaboration center, is part of the company’s expansion plans for the Kingdom.
He also affirmed that the company will expand its footprint in Saudi Arabia again next year with construction of a multi-million-dollar research and technology center at KFUPM Dhahran Techno Valley.
The new facility will allow Baker Hughes to better serve its Middle East clients. In addition to repair and maintenance capabilities, the Dhahran base’s Beacon Center allows local teams to remotely manage and monitor operations in the region and to collaborate with clients and company technology experts worldwide.
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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