GE makes deal worth millions in the wake of Trump's Saudi visit

The US conglomerate has secured a huge gas turbine agreement and a range of MoU's valued at over EUR 13 billion.

Photo: Shealah Craighead

General Electric has signed a joint venture deal worth SAR 1 billion (EUR 240 million) with a state-controlled Saudi Arabian developer Dussur. The deal is related to the production of gas turbines to the eastern-Saudi city Dammam, and is an implementation of the cross-sector memorandum of understanding (MoU) entered into by the parties last year.

This is according to reports from Reuters after a press conference in the Saudi Arabian capital of Riyadh.

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