Saudi Aramco Entrepreneurship Center Company (Wa’ed) announced on 10 October the signing of a strategic partnership with General Electric of the US to serve as “a major developer, financer and incubator” of small and medium enterprises (SMEs) in Saudi Arabia. MEES understands that GE will initially work with Wa’ed to provide technical support.

At first the focus will be on the energy sector, but this could expand over time to include other sectors in which GE is active. (CONTINUED - 259 WORDS)