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GE Inks Middle East Deals Worth $1.8 Billion

Reuters
Wednesday, 25 Jul 2007 | 5:14 AM ET

General Electric has signed three new deals in the Middle East worth a combined $1.8 billion, highlighting the region's importance to the U.S. industrial conglomerate.

The deals will be announced later on Wednesday, GE Energy spokesman Jim Healy told Reuters.

GE reached two of the most recent power deals last month and one this month, The Wall Street Journal reported earlier. GE is providing 20 natural-gas-powered turbines to a power-plant project in Kuwait, and has sold an additional 12 natural-gas and five steam turbines for two projects in Qatar, the Journal said. (GE is the parent company of CNBC.)

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