13 Hrs
Source:
Sky News
Baker Hughes Expands UAE
Baker Hughes is strengthening its manufacturing presence in the UAE by expanding its industrial base and establishing joint ventures with local partners, while also growing its activities with ADNOC and ADNOC Drilling. CEO Lorenzo Simonelli said that localizing manufacturing and transferring technology support supply-chain resilience, underscoring the Middle East’s importance to energy supplies and infrastructure. On growth, the company raised the midpoint of its 2026 orders guidance for its Industrial & Energy Technology segment to $22.5 billion and expects its order backlog to exceed $50 billion by 2028.
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