General Electric signs $15 billion of Saudi deals, MoUs during Donald Trump visit

General Electric signs $15 billion of Saudi deals, MoUs during Donald Trump visit

US conglomerate General Electric said it signed agreements and memorandums of understanding worth $15 billion with Saudi Arabia today during President Donald Trump’s visit to the oil-rich kingdom. The Boston-headquartered firm said the agreements were inked in the presence of King Salman and Trump, who has chosen Saudi Arabia for his first foreign trip since taking office in January.

“Almost $7 billion are GE technology and solutions — across multiple sectors and partners aimed at creating a truly diverse and sustainable economic platform,” a GE statement said. Read more

Credits:financialexpress.com

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