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11 March 2008 - GE Energy Financial Services has announced today plans to invest $5bn - nearly a quarter of its total plan - outside the US to grow and help meet soaring energy demand by the end of 2010.

GE has opened offices in Southeast Asia and the Middle East, and expanded in India. The company said GE Energy Financial Services investments outside the US would be boosted to 25 per cent from 10 per cent. Those investments are now spread across 35 developed and emerging countries.

A press statement said: "This strategy reinforces GE's company-wide plan to boost international revenues to take advantage of rapidly growing non-US economies, particularly in infrastructure areas such as energy.

"World primary energy demand is projected to grow by 55 per cent between 2005 and 2030 to 17.7bn metric tonnes of oil equivalent, the International Energy Administration estimates. GE reported that international revenues topped 50 per cent for the first time in 2007, up from an historic average of 40 per cent."

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