$250m GE investment for Saudi Arabia
New service, manufacturing and training centre to create 2,000 jobs
A $250m investment into Saudi Arabia’s manufacturing and technology industry by GE has been announced, at the opening of the company’s new Dammam technology centre.
The $100m Energy Manufacturing Technology Centre was inaugurated on Wednesday by His Royal Highness Prince Mohammad bin Fahd bin Abdulaziz Al Saud, governor of the Eastern Province, at a ceremony attended by 400 government officials and dignitaries.
The facility incorporates a manufacturing facility of high-tech equipment for the power, water, oil and gas industries, a service and repair centre for advanced turbine equipment, and a training centre offering technology and managerial courses for students, field engineers and industry professionals.
John Krenicki, vice chairman of GE and president and CEO of GE Energy said at the ceremony: “The centre we are inaugurating today will support Saudi’s growing energy needs, provide high technology training and quality jobs to its talented youth, and support Saudi’s manufacturing and export ambitions.
More than 1,000 jobs will be created by the new centre, and at the same ceremony the company also announced an additional $150 million of investment for the manufacturing facility, bringing GE’s total recent investment in Saudi Arabia to $250 million.
The new centre will also have the capability to service the company’s F-Technology turbines, installed in Saudi Arabia and across the Middle East.
Ali Saleh Al Barrak, president and CEO of Saudi Electricity Company, said: “As part of GE’s commitment to Saudi Arabia, we are looking forward to this high-quality integrated service facility where GE can repair advanced technology gas turbine related parts locally, rather than send them out of the country.”