SAIICSouth and Meso American Indian Rights Center (Oakland, CA)
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Eng Abdullatif Al-Othman, SAIIC chairman of the board, said: "This agreement with GE to form joint ventures and co-invest in strategic, high-growth industrial and digital sectors, is at the core of SAIIC's mission and supports the Saudi Vision 2030 to strengthen the kingdom's economic diversification.
Jeffrey Immelt, Chairman & CEO of GE, said: We are honored to be among the first companies to partner with SAIIC in meeting its strategic development goals of Saudi Vision 2030.
The memorandum of understanding between the SAIIC and GE is expected to create jobs for thousands of Saudis and boost the small and medium business sector.
He explained how SAIIC will support the national diversification agenda of Saudi Arabia's leadership.