Saks Inc. Announced Grand Opening of Saks Fifth Avenue Store in Kazakhstan (SKS, GE)
[General Electric Company has received a contract to supply eight 7F 5-series gas turbine-generators for the expansion of Saudi Electricity Companys Riyadh Power Plant 12]
Online PR News – 01-October-2012 – Las Vegas, NV – Saks Incorporated (NYSE: SKS) SKS announced the grand opening of its licensed Saks Fifth Avenue store in Almaty, Kazakhstan today, September 30, 2012. The tri-level, approximate 91,000 square foot store is located in the Esentai Shopping Mall which is the first of its kind in Kazakhstan. In addition to being anchored by Saks Fifth Avenue, the Esentai Shopping Mall includes a large selection of branded luxury fashion and jewelry stores. The shopping mall is part of Esentai Park, a new mixed-use development which includes luxury residential and commercial towers as well as a five-star hotel which is expected to open in 2013. Saks Incorporated (NYSE: SKS) operates Saks Fifth Avenue, which consists of 45 Saks Fifth Avenue stores, 64 Saks Fifth Avenue OFF 5TH stores, and saks.com. Founded in 1924 with the opening of its Fifth Avenue, New York flagship store which continues today to be the Companys landmark store Saks Fifth Avenue currently operates 45 stores throughout the United States, complemented by licensed stores in Mexico City, Mexico (two stores); Dubai, U.A.E.; Manama, Bahrain; and now, Almaty, Kazakhstan. For more information about Saks Incorporated visit www.saksincorporated.com.
General Electric Company ("GE") (NYSE: GE) GE has received a contract to supply eight 7F 5-series gas turbine-generators for the expansion of Saudi Electricity Companys (SEC) Riyadh Power Plant 12 (PP12). The project will add nearly 2,000 megawatts of power to support Saudi Electricity Companys (SEC) in meeting its future electricity demands when it enters commercial operation in 2015. Power Plant 12 (PP12) will be one of the most important combined-cycle projects in Saudi Arabia using GEs advanced F-class gas turbines and will be the first application of GEs 7F-5 series gas turbine technology in the region. In addition to the supply of the eight gas turbine-generators, the contract includes technical direction for the installation of the units, spare parts, commissioning support and training. Power Plant 12 (PP12) is part of Saudi Arabias plans to add 33 gigawatts of power generation capacity by 2020. GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
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