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FINANCIAL NEWS
US- General Elect inks USD15bn of Saudi deals, MoUs
21 May 2017
(MENAFN) U.S- General Elect proclaimed it inked deals and memorandums of understanding worth USD15bn with Saudi Arabia amid President Trump’s visit to the oil-rich kingdom.
Accordingly, almost USD7bn are GE tech and solutions, across many sectors and partners aimed at making a truly diverse and sustainable economic platform.
Additionally, co-op between GE and the ministry of energy, industry and mineral resources, as well as the National Industrial Cluster Development Program will surpass USD12bn.
Furthermore, GE also inked MoU with oil giant Saudi Aramco in order to undertake a digital transformation of Aramco’s ops, which aims to produce USD4bn in annual productivity improvement.
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MENAFN2105201700450000ID1095494874
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