Saudi Focus

GE signs $15bn deals with kingdom

01 June 2017

US technology and engineering conglomerate GE signed business deals worth $15 billion last month with Saudi Arabia in a major boost to its industrial project development and cross-sector capacity building.

Of these deals, almost $7 billion are GE technology and solutions – across multiple sectors and partners aimed at creating a truly diverse and sustainable economic platform, it said.

The agreements drive economic diversification in power, healthcare, oil and gas, mining and digital transformation of industry, said a senior company official during the signing ceremony held in the presence of the Saudi King Salman bin Abdulaziz Al Saud and US President Donald Trump. 




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