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. 

• Al Faisaliah District revamp gets go-ahead
• Aramco selects infrastructure JV partner
• Jeddah Tower ‘ready by 2019’
• Yuksel win $506m Riyadh BRT contract
• GE signs $15bn deals with kingdom
• Fund set up for $1bn complex
• $1.5bn boost for power
• Abunayyan JCB headquarters opens

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Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.