Baker Hughes Pumps over 1 Bln Riyals to Boost Investments in Saudi Arabia

Baker Hughes Pumps over 1 Bln Riyals to Boost Investments in Saudi Arabia

Wednesday, 5 September, 2018 - 19:00
Baker Hughes is preparing to expand its investment in Saudi Arabia’s oil and gas sector. (Reuters)
Asharq Al-Awsat
The Saudi Arabian General Investment Authority (SAGIA) announced on Wednesday 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 the Kingdom by expanding its facilities and offering the latest technology and solutions in the industry, reported the Saudi Press Agency.

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.

Baker Hughes is a strategic partner of Saudi Arabia 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 has so far exceeded 2,650. They are stationed in more than 10 establishments that are investing in the Saudi Arabia.

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