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GE sees rapid Mid East growth, eyes Islamic finance | Reuters June 22, 2007

Posted by islamicfinanceaffairs in Uncategorized.
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GE sees rapid Mid East growth, eyes Islamic finance | Reuters

General Electric Co (GE.N: Quote, Profile, Research) expects rapid growth in the Middle East in the coming years, thanks to soaring sales of aircraft engines and power generation equipment and a possible entry into the Islamic finance business, a senior executive said on Wednesday.

GE International’s chief executive, Ferdinando Beccalli-Falco, said he expected sales to have grown 250 percent by 2010 to $10 billion in the Arab Middle East.

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