GE to invest $100m in Saudi programmes, plants
Company to launch worldwide 'Hot & Harsh' programme for testing power plant equipment in extreme climates
GE has announced plans to spend $100m on new manufacturing and research facilities in Saudi Arabia.
The engineering giant said the investment includes an expansion of its Manufacturing and Technology Centre in Dammam to product new gas turbines and the addition of capacity to produce pressure control equipment including wellheads for the oil and gas industry.
The company is also planning a new facility to manufacture LED lights — the first of its kind in the region.
The company also said that it plans to introduce new research programmes at its GE Innovation Centre in Dhahran Techno Valley. These include a 'Hot & Harsh' global research facility for testing equipment in extreme conditons and an energy efficiency technology development facility that will serve the entire region.
The company said that this investment adds to commitments of around $1bn that have been made in the Kingdom over the past three years.
Jeffrey Immelt, GE chairman & CEO, said: “We are proud to work with our partners to co-create solutions that will find application both in Saudi Arabia and globally.
"We believe that future skillsets demand strong capability in both software and hardware; and we are committed to delivering that to our Saudi workforce and our ecosystem of partners, such as Saudi Aramco and Saudi Electricity Company, as well as SMEs.”
The Hot & Harsh global research programme will study the effect of high temperature, dust, corrosion, erosion, duty cycle, and fuel harshness and the impact they have on the reliability and efficiency of power plants.