U.S. Immigration focuses on U.S. Immigration Economy: According to overseas media reports on October27, General Electric (GE) announced on the 26th during a meeting between Indonesian President Joko Widodo and U.S. President Barack Obama in the United States that the company will invest $1 billion in the oil and gas sector of this Southeast Asian country.
GE Vice President John Rice stated in a recent press release: "The Indonesian government's vision and the recent acceleration of spending in Indonesia's infrastructure sector have given us the confidence to make this commitment. GE's spending focus over the next 5 years will be on key areas that are critical to the economy, including power generation, oil and gas, and healthcare. Through this investment, we hope to significantly expand our business operations locally."
GE's investment in Indonesia's oil and gas sector will include expanding the current subsea equipment manufacturing facility to include other GE product lines and collaborating with Indonesian companies to expand local manufacturing and assembly of oil and gas equipment.
More than 90% of the equipment manufactured by GE in Indonesia's oil and gas facilities is exported to foreign markets for global projects, including subsea wellhead systems, surface wellhead systems, vertical trees, and tubular products and connectors used for oil and gas exploration and production.