General Electric signed a one billion riyal ($267 million) joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam. GE and Dussur signed a memorandum of understanding last year that is expected to result in nearly 3.75 billion riyals of investment by the two companies across multiple sectors in 2017.
Submitted May 24, 2017 at 06:07AM by MartEden http://ift.tt/2qj5iYy
