Siemens eyes Saudi expansion
Engineering giant reacts to increased government investment
Siemens sees the Saudi market as a key area in which to expand its operations, particularly in light of the government’s decision to invest US $400 billion in a five-year programme to increase energy production.
“Saudi Arabia is still a growing market,” Ali Hamdani, the vice-president of the energy, oil and gas division of Siemens in Saudi Arabia, said in an interview with Bloomberg.
“The Saudi gas programme is attractive. They have a lot of gas and want to make energy out of it.”
Siemens is already very active in the Kingdom’s utilities sector, and won a $147 million deal last year to develop the transmission and distribution network of as many as three sub- stations and related facilities for the first phase of King Abdullah Economic City on the Red Sea coast.
“From a Siemens perspective, we are very active in Saudi Arabia in infrastructure projects, which is basically electrical transmission works,” Hamdani said. “We are also active in the fossil power generation and water projects.”
A full analysis of the company’s odour control operations in Saudi Arabia is included in this month’s edition of Utilities Middle East.