GE explores further partnerships in Saudi

GE is to broaden its scope for public private partnerships in Saudi Arabia (Getty Images)

General Electric has announced it plans to further explore opportunities for exploring public-private partnerships in Saudi Arabia, the Saudi Gazette has reported.

Nabil Habayeb, president and CEO of GE’s Middle East and Africa region, said: “Saudi Arabia is one of the key markets for GE in the Middle East region, where our company-to-country approach delivers tailored solutions that meet the Kingdom’s requirements for long-term sustainability and economic competitiveness.”

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Walid Abukhaled, the company’s new president and CEO for operations in Saudi and Bahrain, said: “Among the most competitive nations in the world today, Saudi Arabia offers an unmatched landscape of economic growth opportunities across diversified sectors.”

He continued: “With energy resources as the backbone, the Kingdom is focused on infrastructure development that ensures all-round socio-economic welfare – my focus will be to establish stronger public private partnerships, while also working towards empowering the Saudi youth through education, knowledge transfer and engagement.”