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FINANCIAL NEWS
Siemens to create over 1,000 jobs in Saudi
22 May 2011
(MENAFN) Siemens’ CEO, Peter Loscher, said that the company would increase its investments in Saudi Arabia by establishing a switchgear manufacturing plant and a service center, which when completed would create 1,000 jobs for Saudis and international experts, reported Arab News.
Loscher added that as an indirect result of the company’s plans, an additional 3,000 jobs would be created in the Eastern Province, adding that the company would support the careers of Saudi National through professional hiring programs, which would go in line with its Generation21 program that would support educational activities to encourage young scientists and engineers.
He also said that the new facility that the company would build would be a hub for the Middle East and would produce gas turbines and rotating equipment. In addition, it would be a workshop for the repair of machinery. This would be a gradual development until the site would start operating. He said that the facility would first assemble turbines for Saudi Arabia, the whole of the GCC and then the rest of the Middle East., where it would benefit the local economy as Siemens would build up a local work force.
It is worth noting that Saudi Aramco and Saudi Electricity Co. (SEC) will benefit from the new facility as it can better support their operations. Furthermore, Siemens’ partnership with SEC will help develop specialist engineering expertise for the whole power industry in the Kingdom.
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