General Electric Co. (NYSE: GE) Eyes for Growth in Saudi Arabia : American Banking & Market News

General Electric Co. (NYSE: GE) Hopes to make Saudi Arabia a manufacturing hub in the Islamic world as the company seeks to build its revenue from last year’s total of $3 billion.

General Electric Co. (NYSE: GE) is focused on building its Saudi investments in manufacturing, job creation and energy development, said Akram Hamad in an interview with Bloomberg. “By 2013, Saudi Arabia will be the manufacturing hub for GE in the Islamic bloc,” he said.

General Electric Co. (NYSE: GE) and other U.S. companies are hoping to expand in the region’s largest economy as Saudi Arabia is implementing a $400 billion stimulus package to boost economic growth and build out its infrastructure. Saudi Arabia’s stimulus package is the largest out of the G20 in terms of its GDP.