· Agreement underlines GE’s commitment to support the goals of Saudi Vision 2030 to promote industrial localization and Saudi human capital development
· GE to provide technical support and training to cover curriculum development, certified courses, leadership programs and experts’ programs
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· US$ 141 million contract to extend comprehensive services for eight GE 7F.05 gas turbines at Saudi Electricity Company’s (SEC) Riyadh Power Plant 12 (PP12)
· Agreement highlights GE’s commitment to reduce downtime and improve the productivity of the facility
· Gas turbines will also be monitored by the Saudi PowerGen Efficiency Center (SPEC), located in the GE Manufacturing & Technology Center (GEMTEC) in Dammam
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- Major Overhaul of GE 7FA Gas Turbine Completed in Just 18 Days, One Week Faster than Anticipated
- GE Bests Previous 7FA Outage-Cycle Record in Saudi Arabia of 22 Days
- Draws on Competencies of GE Manufacturing & Technology Center (GEMTEC) in Dammam for Fast-Paced Execution of the Project
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- The Agreement Allows More Customers in the Middle East to Benefit from GE’s Latest Dynamic Positioning (DP) Marine Solutions
- The Agreement Shows GE’s Regional Commitment
PARIS-May 11, 2017-GE’s Marine Solutions (NYSE: GE) has appointed KDU Worldwide (KDU) as its value-added reseller for the product range of SeaStream* and Sealyte* dynamic positioning (DP) systems. Through this appointment, KDU will have reselling rights of these GE products in the United Arab Emirates and Middle East, which includes Saudi Arabia.
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Underlines commitment of GE Oil & Gas to driving operational excellence of GPIC plant
Bahrain, April 16, 2017: GE Oil & Gas (NYSE: GE) has signed a long-term multi-outage agreement with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain. The partnership will strengthen the competency of GPIC to supply products including ammonia and methanol that drive the growth of downstream industries and contribute to Bahrain’s national economy.
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GE releases 4Q’16 earnings.
Please click here to read the rest of the press release, in English.
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GE reported GAAP continuing operations EPS of $0.36 and Industrial operating + Verticals EPS of $0.51, +65%.
Please click here to read the rest of the press release, in English.
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- Demo unit installation marks pioneering initiative by Saudi Aramco and GE to tap into KSA’s wind energy potential
- An Industrial Internet solution, GE’s Wind Turbine is customized for Saudi conditions and will be operational in 2016
- Underlines commitment to Saudi Vision 2030 that also aims to strengthen renewables in the Kingdom’s energy mix.
Riyadh, Saudi Arabia; June 07, 2016: Saudi Aramco and GE (NYSE: GE) are partnering to install Saudi Arabia’s first Wind Turbine at the Turaif Bulk Plant, located in the north-west of the Kingdom.
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- To be operational in 2020, facility will create 2,000 high quality jobs for Saudis
- Plant will support maritime and energy industries through the provision of best-in-class products, including precision machining services
Dahran, Saudi Arabia; June 1, 2016: Saudi Aramco has signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) and Cividale SpA of Italy to build the Middle East and North Africa’s first-of-its-kind high-end forging & casting manufacturing facility that will serve the region’s maritime and energy industries.