Wednesday, December 7, 2011

GE Partners With Saudi Arabia to Diversify the Country's Economy


With the global economic recovery pushing oil prices again above the $100 mark, Saudi Arabia, which holds some 20% of the world’s proven petroleum reserves and ranks as the largest oil exporter, may feel cheerful about its future.

Perhaps. But rather than just relying on oil revenues, which currently contribute some 85 percent of the state budget, the desert Kingdom is moving to consolidate its oil boon and focus on economic diversification and sustainable growth. That is a smart way to go.

To learn more about how GE is partnering with Saudi Arabia to diversify the country’s economy, check out the most recent post on GE Reports: http://www.gereports.com/beyond-oil-ge-partners-with-saudi-arabia-to-diversify-the-countrys-economy/

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