Arab Today, arab today aramco signs mou with general electric and cevedale to set up new manufacturing facility
Last Updated : GMT 05:59:27
Arab Today, arab today
Arab Today, arab today

Aramco Signs MoU with General Electric and Cevedale to Set Up New Manufacturing Facility

Arab Today, arab today

Arab Today, arab today Aramco Signs MoU with General Electric and Cevedale to Set Up New Manufacturing Facility

Saudi Aramco signed MoU with each of General Electric "GE" and Italian Cevedale S.B.A Company
Riyadh - QNA

Saudi Aramco on Wednesday signed a Memorandum of Understanding (MoU) with each of General Electric "GE" and Italian Cevedale S.B.A Company to set up a factory for casting and forming metals which is the first of its kind in the Middle East and North Africa region to support the localization of industries in the energy and marine industry sectors.

    According to Saudi Press Agency (SPA), Aramco said in a press statement "The new facility, which will establish for a joint investment of more than SR 1.5 billion ($ 400 million), in Ras Al-Khair which is located within the Royal Commission for Jubail industrial area of Jubail and Yanbu, indicating that in the case it was agreed on the establishment of the factory, it is expected to start operation in 2020 and will contribute to providing 2,000 jobs for Saudis.

    The Senior Vice President for Finance, Strategies and Development at Saudi Aramco Engineer Abdullah Al-Sedan said that the Memorandum of Understanding reflects the aspiration of the company to provide a supply chain able to promote integration in the energy sector in line with the Kingdom of Saudi Arabia's Vision 2030 aimed at promoting economic and industrial diversity in the Kingdom and supporting the localization of industries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramco signs mou with general electric and cevedale to set up new manufacturing facility Arab Today, arab today aramco signs mou with general electric and cevedale to set up new manufacturing facility

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aramco signs mou with general electric and cevedale to set up new manufacturing facility Arab Today, arab today aramco signs mou with general electric and cevedale to set up new manufacturing facility

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday