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GE Signs $ 15 Billion Deal with Saudi Arabia
Arab and international Since 2017-05-20 at 15:35 (Baghdad time)
Mawazine News - Follow up
GE Group announced on Saturday that it had signed $ 15 billion worth of deals with Saudi Arabia as part of the Kingdom's effort to diversify its oil-based economy.
This coincided with the meeting of dozens of US executives with their Saudi counterparts during a conference in conjunction with the visit of President Donald Trump to Riyadh.
"The agreements, which include goods and services from the same company of about $ 7 billion, range from the electricity and health care sectors to the oil and gas industry and mining, and some agreements are still in the process of the memorandum of understanding, which will require further agreements to take shape.
The projects include General Electric's assistance in increasing power generation efficiency in Saudi Arabia and providing digital technology to Saudi Aramco's operations to improve its annual productivity of $ 4 billion. Ending 29/34 R.
Saudi and US companies are expected to sign deals worth billions of dollars during the Trump's historic visit to Saudi Arabia, including $ 50 billion worth of deals Saudi Aramco will sign with its US counterparts.
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Arab and international Since 2017-05-20 at 15:35 (Baghdad time)
Mawazine News - Follow up
GE Group announced on Saturday that it had signed $ 15 billion worth of deals with Saudi Arabia as part of the Kingdom's effort to diversify its oil-based economy.
This coincided with the meeting of dozens of US executives with their Saudi counterparts during a conference in conjunction with the visit of President Donald Trump to Riyadh.
"The agreements, which include goods and services from the same company of about $ 7 billion, range from the electricity and health care sectors to the oil and gas industry and mining, and some agreements are still in the process of the memorandum of understanding, which will require further agreements to take shape.
The projects include General Electric's assistance in increasing power generation efficiency in Saudi Arabia and providing digital technology to Saudi Aramco's operations to improve its annual productivity of $ 4 billion. Ending 29/34 R.
Saudi and US companies are expected to sign deals worth billions of dollars during the Trump's historic visit to Saudi Arabia, including $ 50 billion worth of deals Saudi Aramco will sign with its US counterparts.
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