GE clinches $15bn worth of deals with Saudi Arabia

Author: Spencer Ogden
Date posted23/May/2017
Author: Spencer Ogden
GE has signed a deal worth $15 billion with Saudi Arabia as part of an extensive $350 billion defence agreement. 

Saudi Arabia announced they reached preliminary agreements with a number of other US defence companies, industrial manufacturers and oil and gas companies following President Donald Trump’s two-day visit. 

GE's agreement with Saudi Arabia will include projects aimed at improving the country's power grid and energy capabilities.

"That was a tremendous day. Tremendous investments in the United States. Hundreds of billions of dollars of investments into the United States and jobs, jobs, jobs," Trump said.

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