General Electric Company (GE) announced a $267 million (SR1 billion) joint venture with Saudi Arabian Industrial Investments Company (Dussur) to make gas turbines in Dammam. The partnership follows GE’s $15 billion in agreements over the weekend. According to a memorandum of understanding that GE and Dussur signed in 2016, the two companies plan to invest a combined $1 billion (SR3.75 billion) in various sectors of the Saudi economy in 2017.
You also might be interested in
With the help of the U.S.-Saudi Business Council (USSBC), U.S.-based[...]
H.R.H. Crown Prince Mohammed bin Salman spoke at the Future[...]
A conceptual bird's eye view of Oxagon from the Red Sea. Source: NEOM.com Parsons Corporation has been awarded a contract by NEOM to[...]