Exclusive: General Electric's power unit faces threat in Saudi Arabia

July 23, 2018 by  
Filed under News

One of General Electric Co’s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co has qualified at least two companies to provide service or parts for some of its more than 50 GE-made F-class turbines, and it is in talks with two others over investments to set up faci

Source: Reuters Business News

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