GE Oil & Gas opens Saudi facility
Firm inaugurates first-phase expansion of 'Made in Saudi' advanced manufacturing facility in Dammam
GE Oil & Gas has completed the first phase expansion in Saudi Arabia, of what will be GE’s largest advanced manufacturing facility in the region.
This expands capacity of the current manufacture of advanced pressure control technology, testing and repair services, as well as promoting job creation for Saudi nationals through a three-fold increase in the workforce, which builds on 70% Saudization in Dammam.
The expansion forms part of GE’s commitment to achieve the goal of 70% localisation in the Kingdom through strengthening local manufacturing, supply chain, service capabilities and talent development.
Supporting the Kingdom’s vision to boost domestic manufacturing and exports, the expanded facility will serve as a centre for the supply of ‘Made in Saudi’ equipment for Saudi and regional markets
The 10,500m2 facility was inaugurated by GE Oil & Gas President & CEO Lorenzo Simonelli in the presence of Amin Nasser, President & CEO, Saudi Aramco; Rami Qasem, President & CEO, GE Oil & Gas, Middle East, North Africa & Turkey, and other senior officials.
"The significance of this expanded GE facility lies not only in the services it will provide Saudi Aramco and the Kingdom's wider energy sector, but also the degree to which the Kingdom appeals to investors such as GE," Amin Nasser, President and CEO, Saudi Aramco, said at the inauguration event.
The new facility marks the first phase of an ongoing multi-million dollar investment by GE Oil & Gas at the multi-modal MODON (Saudi Industrial Property Authority) site in Dammam.
Rami Qasem, President & CEO, GE Oil & Gas for Middle East, North Africa and Turkey added: “This expanded manufacturing facility is a great demonstration of GE Oil & Gas’ commitment to local manufacturing in Saudi Arabia.
“We believe in working in true partnership with our customers operating around the world, by their side, in order to quickly anticipate and meet their needs. We look forward to extending our local manufacturing and services capabilities across the GE Oil & Gas portfolio.”