# Engineering Dimensions plans $35M transformer production in Bangladesh, bypassing Gemco joint venture

Saudi Arabian company Engineering Dimensions is proceeding to produce transformers and electrical equipment independently, bypassing a 2018 joint-venture agreement with Bangladeshi state-owned Gemco. The company had pledged $35 million investment. Bangladesh is now revisiting the deal.

- Type: Investment
- Announced: 2021-11-17
- Where: Bangladesh
- Value: $35.0M
- Status: announced
- Products: transformers and other electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Engineering Dimensions](https://endata.com/companies/45122.md)
- [General Electric Manufacturing Company](https://endata.com/companies/59061.md) (partner)

## Sources

- [tbsnews.net](https://www.tbsnews.net/economy/saudi-co-bypasses-deal-state-run-gemco-330931), 2021-11-17: "The Saudi company had pledged an investment amounting to $35 million for the purpose."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.