GE Vernova has announced plans to invest up to USD 14.2 billion in Saudi Arabia’s energy sector following a high-level meeting between U.S. President Donald Trump and Crown Prince Mohammed bin Salman. The investment will focus on accelerating the Kingdom’s energy transition by supporting power generation, grid stability, and carbon reduction initiatives aligned with Saudi Arabia’s Vision 2030 and net-zero 2060 goals.

The agreement, revealed during talks in Riyadh, is designed to enhance cooperation between the United States and Saudi Arabia while fostering energy security and economic growth across both nations.

Strategic Partnerships and Long-Term Agreements

GE Vernova’s multi-billion-dollar commitment includes a series of four-year contracts and memorandums of understanding (MoUs) with leading Saudi entities. These partnerships will facilitate the deployment of advanced power technologies and services throughout the Kingdom.

Key collaborators include:

• Saudi Electricity Company

• ACWA Power

• Aramco

• Principal Buyer

With up to USD 2 billion already reserved under initial agreements, GE Vernova’s role will involve supplying heavy-duty gas turbines, electrification systems, and maintenance services to support critical energy infrastructure. The company’s agreement with ACWA Power targets high-efficiency turbine deployment, while its partnership with Aramco will provide operational support, including parts, repairs, and technical services at various power facilities. The Principal Buyer collaboration focuses on the commercialization of carbon capture and related technologies.

Advanced Equipment and Services to Strengthen Grid Stability

GE Vernova will deliver a suite of gas turbines and grid-oriented technologies to Saudi Arabia from its U.S. manufacturing base in Greenville, South Carolina. The company will also provide synchronous condensers and balance-of-plant systems to enhance grid performance, enabling smoother integration of renewable energy sources.

These technologies are designed to provide voltage regulation, system strength, and reactive power—crucial components as Saudi Arabia diversifies its energy mix. The investment will also include capital parts, repairs, and technical services to ensure system reliability and long-term performance.

GE Vernova CEO Scott Strazik stated, “This commitment reflects our dedication to supporting Saudi Arabia’s energy goals while continuing to build capacity and jobs in the U.S. and globally.”

GE Vernova’s existing footprint in the Kingdom will play a central role in executing this initiative. Its GE Manufacturing and Technology Center (GEMTEC) in Dammam houses gas turbine production, component manufacturing, and a full-scale service center employing around 850 people.

In March 2025, the company successfully completed turbine maintenance at Riyadh 8 power plant—an example of its operational capabilities in the region. This foundation positions GE Vernova to scale up support for the country’s evolving energy needs.

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