(MENAFN- Saudi Press Agency)
Riyadh, Dhu-AlHijjah 25, 1439, Sep 5, 2018, SPA -- The Saudi Arabian General Investment Authority (SAGIA) announced that Baker Hughes, a subsidiary of General Electric, is preparing to expand its investment, in the Kingdom, by more than SR1 billion, in the oil and gas sector.
Baker Hughes is one of the world's leading companies, in the domains of oilfield products, services and integrated digital solutions. The company is constantly working to support, in the Kingdom, by expanding its facilities and offering the latest technology and solutions, in the industry.
The company, through expanding its investments in the Kingdom, will build local manufacturing capabilities, support innovation, research and development, invest in Saudi talent, and pay close attention to the development of a global supply chain, in the Kingdom.
Baker Hughes is a strategic partner of the Kingdom, in the field of oil and gas. It started its journey inside the Kingdom by drilling a well in Dammam in 1938, and the number of its employees, in the Kingdom, has so far exceeded 2,650 employees, deployed in more than 10 establishments, investing, in the Kingdom.
-- SPA
19:57 LOCAL TIME 16:57 GMT
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