GE Energy Manufacturing Technology Center: Another milestone in an 80 year relationship
It is a partnership built over time, and based on trust. Now, GE is strengthening its commitment to the Saudi Arabian economy with a far-reaching investment that serves as to support the Kingdom to achieve its the Saudi Vision 2020.
With the grand opening of the GE Energy Manufacturing Technology Center today in Dammam, GE is focusing on complementing the key pillars of Vision 2020 through three tangible goals: One, create new quality jobs for Saudi nationals; two, strengthen manufacturing and export sectors, in line with the Kingdom’s efforts at economic diversification; and three, underscore the role that the private sector can play in driving Saudi Arabia’s socio-economic prosperity.
The inauguration of the facility, one of the largest of its kind in the world by GE, by His Royal Highness Prince Mohammad bin Fahd bin Abdulaziz Al Saud, Governor of the Eastern Province of Saudi Arabia,was marked by two surprise announcements.
In the first, GE Vice Chairman John Krenicki unveiled an additional investment commitment of US$150 million – designed to support Saudi Arabia become a high technology manufacturing hub for energy sector equipment. This takes the total investment commitment on the site to US$250 million – nearly SAR 1 billion.
With the additional investment, GE Energy Manufacturing Technology Center will support over 2,000 GE jobs and other indirect jobs driving the growth of ancillary industries that support a large cross-section of Saudi families.
At the event, GE also announced the signing of an MoU with Saudi Arabia’s Technical and Vocational Training Corporation (TVTC) to expand the GE joint technical program (GE JTP), marking the company’s goal of training up to 100 Saudi nationals annually for skilled jobs in the energy sector.
The Center has three key main components: a manufacturing hub of high technology equipment for the power, water and oil and gas industries; a service and repair shop for advanced turbine equipment; and a training center that will offer the latest technology and managerial courses for college students, field engineers and other power industry professionals throughout the region.
Developed in association with Ali A. Tamimi Co., GE’s long-term joint venture partner, the GE Energy Manufacturing Center will also serve the wider Middle East region, Europe and Africa.
Joining in the celebration of the Center’s opening were over 400 high level Government officials and dignitaries including representatives from GE’s key customers: Saudi Electricity Company (SEC), Saudi Aramco, and Saudi Basic Industries Corporation (SABIC).
The opening of the Center marks a new chapter in the historic association of GE with the Kingdom – now buttressed with a clear focus to create jobs, train Saudi nationals, boost manufuacturing and enhance energy sector efficiencies.