News

August 20, 2025

Mr. Mansour AlQarawi Appointed as Dussur Chief Executive Officer

Riyadh, Saudi Arabia –20-08-2025 The Saudi Arabian Industrial Investment company, Dussur is pleased to announce the appointment of Mr. Mansour AlQarawi as its new Chief Executive Officer. Mr. AlQarawi is seasoned investment professional with a proven track record in leading high-performance teams and delivering large-scale strategic investments, and developing national industrial champions. Before joining Dussur, Mr. AlQarawi […]

September 2, 2024

GE Vernova acquires Dussur’s shares in General Electric Saudi Advanced Turbines (GESAT)

(Formerly a joint venture between Dussur and GE Vernova) DAMMAM, Saudi Arabia (September 2, 2024) – The Saudi Arabian Industrial Investments Company (“Dussur”) successfully divested its 55% ownership stake in General Electric Saudi Advanced Turbines (“GESAT”) to GE Vernova Inc. (NYSE: GEV), bringing GE Vernova’s ownership to 100% in GESAT. Since its establishment in 2017, […]

July 2, 2024

GE Vernova rolls out first H-Class gas turbine completed at Saudi Arabia GESAT facility

GE Vernova’s advanced H-Class turbine is set to power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP) in Saudi Arabia The H-Class turbines are highly efficient, hydrogen-ready, and are designed to quickly adjust to support grid stability amid increasing renewable energy integration GE Saudi Advanced Turbines (GESAT), a joint investment with Dussur, is the […]

February 14, 2024

Baker Hughes, Dussur Inaugurate Saudi Petrolite Chemicals’ Facility, Supporting Regional Growing Market

Jubail Saudi Arabia — Feb. 11, 2024 In the presence of HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy, His Excellency Mr. Bandar bin Ibrahim AlKhorayef, Minister of Industry & Mineral Resources, and His Excellency Mr. Khalid Bin Abdulazizi Alfaleh, Minister of Investment, the Saudi Arabian Industrial Investment Company “Dussur” and Baker Hughes […]

November 6, 2023

Markus Solibieda Appointed as Dussur Chief Investment Officer

The Saudi Arabian Industrial Investment company, Dussur, announces today the appointment of Mr. Markus Solibieda as its new Chief Investment Officer with effect from November 1st, 2023. Markus Solibieda has over 28 years of professional expertise across several investment entities, before joining Dussur, Markus was the Managing Director of BASF Venture Capital GmbH, since 2016, an […]

May 29, 2023

Dussur announces the acquisition of a stake in “Italmatch”, and announces the inauguration of the National Company for Additive Manufacturing and Innovation “NAMI”

Riyadh, Saudi Arabia – May 28, 2023 Under the auspicious patronage of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, and in the presence of HE the Minister of Industry and Mineral Resources, Mr. Bandar Ibrahim Alkhorayef, the Saudi Arabian Industrial Investments Company “Dussur” proudly announced its acquisition of a substantial […]

February 2, 2023

SeAH Gulf Special Steel Industries Held Groundbreaking Ceremony for the Kingdom’s first stainless seamless pipe and tube production plant

Saudi Arabia, 1 February 2023 SeAH Gulf Special Steel Industries, owned by Saudi Arabian Industrial Investments Company (Dussur) and South Korean SeAH Changwon Integrated Special Steel, broke ground on the construction of the first stainless seamless pipe and tube production plant in the MENA region on Wednesday, February 1, 2023, at King Salman Energy Park […]

September 13, 2022

Signing an agreement between SeAH Gulf Special Steel LLC and King Salman Energy City SPARK to allocate industrial land and the contract signing for the construction of “SeAH Gulf Special Steel” factory with Sendan International

King Salman Energy City SPARK – 12\9\2022 . In an advanced step for the SeAH Gulf Special Steel, owned by the Saudi Arabian Industrial Investments Company Dussur, and the Korean SeAH changwon Integrated special steel Corporation, an industrial land allocation agreement was signed with King Salman Energy City SPARK to establish the first factory specialized […]

May 17, 2022

In the presence of His Royal Highness Prince Saud bin Nayef, Governor of the Eastern Province, and His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, Dussur sign an MOU with the Saudi Petroleum Services Polytechnic

Dammam, Saudi Arabia; May 16th, 2022 In the presence of His Royal Highness Prince Saud bin Nayef, Governor of the Eastern Province, and His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, a memorandum of understanding was signed between the Saudi Arabian Industrial Investments Company (DUSSUR) and the Saudi Petroleum Services Polytechnic […]

May 17, 2022

Under the patronage of HRH Minister of Energy, Dussur signs an MOU with General Electric

Dammam, Saudi Arabia; May 16th, 2022 Under the patronage of HRH Prince Abdulaziz Bin Salman, Saudi Minister of Energy, a memorandum of understanding was signed between the Saudi Arabian Industrial Investments Company (DUSSUR) and GE to develop a roadmap to enhance the capabilities of GESAT – Adding services for operating heavy loads in future gas […]