DAMMAM, SAUDI ARABIA---September 25, 2013---GE (NYSE: GE) has signed a 74,000 sq meters land lease agreement with the Saudi Industrial Property Authority (MODON). More than 50 percent of the land, which is located in Dammam 2nd Industrial City, is intended to be utilized initially by GE's Oil & Gas business to build an advanced GE Oil & Gas Manufacturing Facility. The planned new facility will be part of the US$1 billion investment commitment to the Kingdom announced by GE last year.
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