GE Oil & Gas (GE) Agrees to Expansion of Industrial Free Zone in Egypt
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Following a meeting with Mr. Mohamed Khodair, Chairman of the General Authority for Investment and Free Zones (GAFI), GE Oil & Gas has announced the expansion of its services facility in Egypt with an additional 2,000 square meter in the industrial free zone to now reach a total of 5,000 square meter. The expanded facility will handle the assembly, disassembly, repair, maintenance and testing for GE Oil & Gas products locally in Egypt to serve both national and international oil and gas companies.
"We are proud to be a partner to GE, one of the world’s leading providers of advanced technologies and services,” stated Mr. Mohamed Khodair, Chairman of the General Authority for GAFI. “By creating the right investment environment, GE is now able to expand its operations and investment in the free zone which will support Egypt industrially and economically."
The expanded facility is expected to be fully operational by mid-2017 and will include the assembly, disassembly, repair, maintenance and testing of GE Oil & Gas’ upstream products which will be home to more than 100 Egyptian services employees. The facility will also include a Training Center for GE customers and employees to help build better know-how on the operation and services needed for the products that will be covered at the facility.
Ayman Khattab, President & CEO, GE North East Africa added: “We are honored to continue our partnership with GAFI and for their constant support to help us expand our footprint in Egypt. With the expansion of our GE Oil & Gas services facility, we continue our localization efforts in country to build local know-how, create jobs and support industrial and economic growth.”
GE has always been focused on driving localization in the oil and gas sector in Egypt; GE Oil & Gas is also a partner to Petrojet, a leading EPC services provider, to locally manufacture API Certified Sucker Rod pumping units in Egypt. To date more than 1,170 units have been manufacture locally, serving customers in Egypt, the Middle East and Europe.
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