Siemens Eyes Saudi Arabia for Power Generation Projects, Growth
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Siemens AG, which last week won orders exceeding $1 billion in Saudi Arabia, is eyeing the kingdom for power-generation projects as population growth spurs electricity demand, an executive said.
“Saudi Arabia for power generation is the biggest market and they have quite tremendous growth,” said Dietmar Siersdorfer, chief executive officer of Siemens Energy Middle East, in an interview.