GE to pilot innovative technologies in Economic Cities
Water scarcity, energy efficiency and affordable healthcare are the key focus areas which will be addressed by GE’s path-breaking research and development (F&D) and manufacturing initiatives in Saudi Arabia.
Achieving yet another milestone in building the company to country partnership with the Kingdom of Saudi Arabia, GE today signed a cooperation framework agreement with the Saudi Arabian General Investment Authority. SAGIA is the body that facilitates inward investments to the Kingdom.
In this agreement SAGIA will facilitate GE’s innovative technologies within the Economic Cities in the Kingdom. The Economic Cities are socio-economic catalysts that will become the hubs of the Kingdom’s growth in the next decade. Following of the piloting of GE’s new technologies, they will be adopted by the Economic Cities in due course. Among the key initiatives is the development of smart grid solutions tailored to meet the requirements of the Smart City concepts followed by the Economic Cities. This will contribute to strong savings in energy use and will be supported by the piloting of smart appliances.
GE will also support the development of new energy policies in the Economic Cities in coordination with the concerned government authorities, and development of policies in other areas including strengthening of investment incentives.