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FINANCIAL NEWS
GE to expand its new Oil & Gas facility in Dammam
31 Mar 2014
(MENAFN) GE has announced the expansion plan of its new GE Oil & Gas Manufacturing Facility, located at the Second Industrial City in Dammam, according to Arab News.
The new facility will help the company increase localized manufacturing.
The company has already signed an agreement with the Saudi Industrial Property Authority (MODON).
The expansion of the new facility is part of the company’s USD1 billion investment project in the Kingdom.
The first phase of the new facility will include a 9,500 square meter building that is expected to be completed by December this year.
More News
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