GE outlines further investments in Saudi Arabia
GE (NYSE: GE) has committed $100 million to new programs in Saudi Arabia.
DAMMAM, Saudi Arabia – GE (NYSE: GE) has committed $100 million to new programs in Saudi Arabia.
The company plans to expand its facilities by producing HA gas turbines at the GE Manufacturing Technology Center in Dammam, with further expansion of itsOil & Gas facility in the same city to include manufacture of wellheads, christmas trees and other pressure control technologies, plus repairs of semisubmersible pumps.
The focus will be on developing new and enhanced technologies in the upstream and downstream sectors to increase efficiency and production. These will include new software solutions and next-generation downhole technology and electric submersible pumps.
Another research goal is to advance corrosion monitoring and resistance technologies to better withstand high sour-gas environments prevalent in Saudi Arabian oil and gas fields.
As for the Saudi GE Innovation Center in Dhahran Techno Valley, new initiatives include a “Hot & Harsh” global research & development program; a software & analytics “Industrial Internet” lab; a GE “in Saudi for region” hub for energy efficiency technology development; and a monitoring & diagnostics center at the GE Manufacturing Technology Center.