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We expect 15% annual growth for our business in Saudi Arabia: Siemens

image sourced from original article at https://www.arabnews.com/node/2624708/business-economy

Siemens Saudi Arabia anticipates annual growth exceeding 15 percent, fueled by the Kingdom's rapid industrial and infrastructure development and preparations for the 2034 World Cup. The company is expanding its local operations, including an advanced factory in Jeddah and major projects such as a cutting-edge 3D-printing facility in partnership with Aramco and IBM. Siemens is also supporting the electric vehicle sector and investing in new production lines, industrial cybersecurity, and sustainability solutions. A recent agreement with the Ministry of Industry and Mineral Resources aims to introduce advanced manufacturing technologies and training programs, further strengthening Siemens' role in Saudi Arabia's industrial transformation. With a history in the country dating back to 1928, Siemens now sees Saudi Arabia as a key hub for its digital industries in the region.

Original article source: https://www.arabnews.com/node/2624708/business-economy
Source Id: 2025-12-911128356

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