Baker Hughes to raise oil investment in Saudi: SAGIA

06/09/2018 Argaam

 

Baker Hughes Co., a General Electric (GE) affiliate, is preparing to raise its investments in Saudi Arabia’s oil and gas sector by over SAR 1 billion, the Saudi Arabian General Investment Authority (SAGIA) said.
 
The company’s expansions in the Kingdom will help build local manufacturing capabilities and support innovation, in addition to investing in Saudi talents and developing a global supply chain in the Kingdom.

 

Baker Hughes started its business in Saudi Arabia in 1938 by digging Al Khair well in Dammam. About 2,650 employees work in the company in more than 10 facilities within the Kingdom.

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