Friday, February 18, 2011

Siemens announces major investment in Saudi Arabia

Friday, February 18, 2011
It is planned to be government approvals and permissions operating 18 months after the final. Start making many job opportunities to create and start page be hub to both international and Saudi experts.

"The establishment of this production facility in the Kingdom of Saudi Arabia is a natural progression of our historical ties to the country", says Peter Loescher, President and Chief Executive Officer of Siemens AG. "The Center is State-of-the-art and the latest sustainable technology to produce." "Thus the Center is a job machine both be Center of excellence for engineering."

The investment decision was announced during Peter Loscher Khalid A. Al Falih, President and CEO Saudi Aramco and Ali S. Al Barrak, President & CEO Saudi electricity company, other senior executives of Saudi Aramco and Siemens in Saudi Arabia met last week.

Siemens involved gradually more than 1000 jobs in the new plant. It is estimated in the broader context of creating approximately 3,000 indirect jobs in the Eastern province where the factory is built. Siemens training the young Saudis further boost giving, by building technology expertise through professional training, based on the German concept. This proven and successful concept includes theoretical courses and "on the job" teaching applied.

Khalid A. Al Falih, President and CEO, Saudi Aramco says of the investment plan "Siemens has a stellar global reputation for technology and innovation culture." You have with Saudi Aramco and the Kingdom have worked and Saudi Arabia by contributing to the development of products and services over many decades. "Their balance in our country covers many fields of power generation up to health care on various aspects of oil and gas production and processing, and I am convinced that the establishment of a manufacturing hub and quality jobs Saudi Arabia for technological will make a significant hub excellence."

"We are proud to continue our successful history in Saudi Arabia with this outstanding project", says Wolfgang Dehen, CEO of energy sector Siemens AG. "The country and the region are quickly develop." "There is a clear demand for sustainable and efficient energy and the ramp-up of technology expertise and positions for ambitious young people."

"Develop the Kingdom of Saudi Arabia, to create the latest technologies and expert and engineering expertise for the energy industry in the Kingdom urges." To engage how Siemens support with a global leader in innovation, the Kingdom will make best use of natural resources and its vision of a knowledge-based society to realize. "This commitment from Siemens will strengthen the partnership between the two companies," said Ali S. Al Barrak, President & CEO Saudi electricity company.

Mr. Abdulrahman F. Al-Wuhaib, Senior Vice President of operations services, Saudi Aramco, said that an important milestone on two strategic fronts for Saudi Aramco. On the one hand supports it the corporate strategy to increase local participation in procurement activities, where Siemens and Saudi Aramco corporate procurement agreement (CPA) announced. This agreement is another corner stone which develop intensive and progressive relationship with Saudi Arabian company. On the other hand, brings Siemens participation of the world's best technologies in the direction of the company to take efforts to improve the Kingdom energy efficiency and reduce energy intensity.

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