Riyadh – Mubasher: Switzerland-based power technology and automation group ABB is weighing up long-term investment in Saudi Arabia, Reuters said on Wednesday, citing company CEO Ulrich Spiesshofer as saying.
Spiesshofer expressed his hope that the kingdom's political and economic changes would boost long-term stability in the nation.
“If you look at the kingdom it is going through a massive transformation and ABB will be part of that transformation,” the top official added.
ABB CEO said that he has been upbeat about ABB's capabilitry to set up a strong ties with the Saudi government.
