GE 2012 Annual Report Download - page 23

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in local investments
over the next three years
is our latest commitment
in an almost 80-year history
with the Kingdom
$1B
Vision for Saudi Arabia:
Building a Knowledge-Based Society Together
To support Saudi Arabia’s vision of diversifying its economy, GE has
committed $1 billion to local investments over the next three years to
strengthen manufacturing capabilities and drive innovation. Our invest-
ment will support the goals of Saudi Vision 2020, the government’s plan
to advance socioeconomic progress by building the capabilities and
enhancing the opportunities for its young people. Key areas for invest-
ment include a new Saudi-GE Innovation Center in Dhahran, as well as
expansion of GE’s efforts in healthcare systems and energy programs.
These initiatives build on GE’s history in the Kingdom, spanning almost
80 years. Our latest commitment will double our local workforce, primar-
ily through local hiring, helping the next generation of Saudis build the
Kingdom’s talent pool, economic diversity and growth potential.
At the Saudi-GE Innovation
Center inauguration,
guests learn how GE is
empowering youth, fostering
entrepreneurship and
supporting women in the
workplace to unlock potential
in the Kingdom.
PICTURED: Khaled AlHinti (left) and Rakan AlHubaishi (right), Saudi students in a GE co-op program
GE 2012 ANNUAL REPORT 21