GE Vernova announces the signing of a tripartite Memorandum of Understanding (MoU) with the Saudi Electricity Company (SEC) and Bpifrance Assurance Export.
The agreement establishes a financing line of up to USD 3 billion to support energy-sector projects across the Kingdom of Saudi Arabia — marking a major milestone in strengthening energy cooperation and export-backed financing opportunities.
This strategic collaboration reflects a unified commitment to:
- Strengthen international cooperation within the energy sector
- Unlock export potential and enable large-scale, sustainable energy investments
- Support the ambitions of Saudi Vision 2030 through resilient and future-ready infrastructure
Commenting on the agreement, GE Vernova stated that the MoU serves as a strategic foundation for long-term value creation, innovation and growth across the region. It is expected to play a significant role in advancing energy projects that drive economic development and sustainability.
GE Vernova looks forward to working with its partners to implement initiatives that accelerate progress toward a cleaner and more reliable energy future for Saudi Arabia, statement mentioned.
