GE to invest $1.4 billion in Saudi Arabia

General Electric Co. on Monday announced a raft of investments worth at least $1.4 billion in Saudi Arabia as the Persian Gulf kingdom seeks to reduce its oil dependence by further opening up its economy to international businesses.

The Connecticut-based conglomerate said it was teaming up with two partners, including Saudi state-owned oil giant Aramco, to build a $400 million manufacturing facility for the energy and marine…