From Sharm el-Sheikh: The US’ GE is to invest $200m to build a multimodal manufacturing, engineering, services and training centre in Egypt.

Plans for the facility were unveiled at a roundtable on the sidelines of the Egypt Economic Development Conference in Sharm el-Sheikh on 13 March.

The facility will provide products and training for the oil and gas, power generation, renewables and utilities industries.

The manufacturing and training complex will be located in Suez, and will provides products and services for Egypt and the wider Middle East and North Africa region, GE’s chairman and CEO Jeffrey Immelt told MEED at the roundtable discussion.

New jobs

The facility will create 500 jobs for skilled Egyptian professionals in the next three to five years.

Immelt also revealed that GE was on target to complete a programme to add an additional 2.6GW of electricity to Egypt’s grid by 2015.

The programme is part of Cairo’s efforts to install emergency capacity to reduce the current supply shortfall during peak periods, which has resulted in numerous blackouts in the past three years.

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