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[[Ferdinando Beccalli-Falco - President & CEO, GE International]]
[Saudi is one of the strongest economies in the world right now.]
[[The Honorable General James B. Smith, U.S. Ambassador to the Kingdom of Saudi Arabia]]
[The connections between American companies and American business,]
[and Saudi companies and Saudi business is hugely important.]
[Because GE is such an important global company, it is important]
[that they are connected with the ministry of commerce and industry in Saudi Arabia]
[because they have rolled out an industrial strategy to move Saudi Arabia ]
[to a knowledge-based economy.]
[I know of no company that's better positioned to help them do that than GE.]
[[Akram Hamad - President GE in Saudi Arabia, Bahrain, Kuwait & Yeman]]
[This MoU highlights really a lead in our relationship with the Saudi clients.]
[[Ferdinando Beccalli-Falco] I think that this one between us and Saudi]
[is really one example of how a company can really present itself ]
[to a government of a country, Saudi, in this case, and it will be one General Electric.]
[[Nabil Habayeb - President & CEO, GE Middle East & Africa] This means for GE]
[our commitment to globalization, commitment for the people,]
[potential for growth for our Saudi employees, but also for us to be an integral part ]
[of the community in Saudi Arabia.]
[[Ferdinando Beccalli-Falco] There is no company in the world that can accumulate ]
[the number of advisory members that we do have. ]
[[Nabil Habayeb] This MoU is the first step out of many that we are going to have ]
[as we reach this partnership with the Kingdom of Saudi Arabia.]
[[Akram Hamad] Our vision is to be local, to introduce technology, ]
[participate in the economic development in the country, and turn GE Saudi and Saudi GE.]
