GE-Saudi Venture to Support Power Operations & Maintenance, Build Local Talent Pool
JOHANNESBURG--April 8, 2015--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Following its strategy of becoming embedded in Saudi Arabian and Middle Eastern power supply chains, General Electric (NYSE:GE) (GE) (Fairfield, Connecticut) has signed a memorandum of understanding with Saudi Electric Company (SEC) (Riyadh, Saudi Arabia) to set up a joint venture to extend operations and maintenance (O&M) support to SEC's power plants in the kingdom.
Within this article: Details of new joint venture between General Electric and Saudi Electric Company.
