GE-Saudi Arabia MoU signing

GEs recent strategic partnership with Saudi Arabia is in line with its company-to-country approach. The MoU that was signed with Saudi Arabias Ministry of Commerce & Industry at the US-Saudi Business Opportunities Forum in Chicago, underscores GEs commitment to the Kingdoms long-term growth plans and further strengthens its 70-year relationship with the country.

The Ministry of Commerce & Industry, is responsible for economic diversification in the Kingdom through industrialisation andwill launch the US$ 16 billion National Industrial Strategy in May this year to strengthen the Kingdoms manufacturing sector and double the industrial output of the GDP.

As a result of the MoU with the Saudi government, GE will explore manufacturing opportunities in the Kingdom for local and export markets. Also, both will potentially partner on international development projects in Africa and the Islamic world.

GEs company-to-country strategy aims at contributing to the Kingdoms sustainable growth and competitiveness by investing and sharing competencies, technology and knowledge transfer, and creation of skilled industrial and technical jobs in the following industries; energy, healthcare, transportation and water, in alignment with the National Industrial Strategy of Saudi Arabia.

Category:

People & Blogs