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GE to invest SR300m in Saudi Arabia
- Saudi Arabia: Wednesday, December 05 - 2012 at 03:52
General Electric (GE) has announced plans to invest some SR300m in Saudi Arabia and further raise its investment in the kingdom within the next few years, Saudi Gazette has reported. "As the kingdom works toward raising its power production to nearly 80 GW by 2020 and diversify its energy mix through a focus on sustainable sources, GE will support the initiatives through our advanced technologies," said Mohammed Mohaisen, general manager of Thermal Products & Power Generations Services for GE Power & Water in the Middle East. "We are also investing in localised manufacturing, and to strengthen the technical skill sets of the Saudi professionals, which is important in ensuring the sustainable growth of the energy and water sector in the kingdom," he said.
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