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FINANCIAL NEWS
General Elect Co. signs USD 1.4bn deals with Saudi Arabia
24 May 2016
(MENAFN) General Electric Co. proclaimed deals worth more than USD 1.4bn with Saudi Arabia, as part of the kingdom’s plan to wean itself off crude oil.
Accordingly, a USD 1bn worth of projects would be applied with the Saudi Arabian Industrial Investments Company.
On the other hand, another USD 400mn would go to building a forging and casting manufacturing facility for the marine and energy industry.
In addition, the project emphasized that the firm wanted to expand its presence in Saudi Arabia in a new and visionary way.
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