During a recent Oval Office meeting between President Donald Trump and Saudi Crown Prince Mohammed bin Salman, a leader from GE Vernova spoke about the impact of Saudi investments in the United States. The crown prince announced that Saudi Arabia plans to invest nearly $1 trillion in the U.S., a move that has already started creating jobs.
David Broomwell, who oversees facilities for GE Vernova in Allentown, Pennsylvania, and Parsippany, New Jersey, shared how the company has benefited from this influx of foreign capital. He highlighted that GE Vernova is investing more than $750 million to expand manufacturing jobs in the U.S. One of the biggest projects includes tripling the output at their Greenville, South Carolina plant, where they produce gas turbines used both domestically and in Saudi Arabia.
The company is pouring $300 million into gas turbine investments, including installing over 500 new pieces of equipment in Greenville. This expansion is expected to generate around 1,800 jobs across the company. Broomwell also noted the importance of working with local communities to develop the skills workers need to fill these roles.
These developments follow GE Vernova’s announcement in May of initiatives worth up to $14.2 billion, made during Trump’s visit to Riyadh. The White House has praised these investments as a win for American workers and the economy. Taylor Rogers, a White House spokeswoman, said the foreign investments secured under President Trump bring good-paying jobs and encourage major companies to invest in U.S. communities.
Overall, the growing partnership between Saudi investment and GE Vernova’s expansion shows how foreign dollars can boost local economies and open new job opportunities for American workers.
