DUBAI, United Arab Emirates — General Electric Co. says it has made a series of deals with Saudi Arabia worth over $1.4 billion.

GE made the announcement today, saying it is part of a plan by the kingdom to diversify its economy.

GE said $1 billion worth of projects would be implemented with the Saudi Arabian Industrial Investments Co., which formed in 2014 by royal order to boost the country’s manufacturing industry.

Another $400 million would go toward building a forging and casting manufacturing facility for the marine and energy industry in the kingdom, with hopes of it being in operation by 2020 and providing over 2,000 jobs, GE said.

Saudi state-run media did not immediately report on the deals.

GE is based in Fairfield, Conn.