German industrial conglomerate Siemens AG (SI) said Tuesday it plans to invest hundreds of millions of dollars in building a gas turbine manufacturing and repair facility in Saudi Arabia.
German industrial conglomerate Siemens AG (SI) said Tuesday it plans to
invest hundreds of millions of dollars in building a gas turbine manufacturing
and repair facility in
Saudi Arabia
.
The plant should be operational 18 months after approval is received from the
authorities, it said. The manufacturing hub will eventually create more than
1,000 jobs on site, with another 3,000 jobs indirectly related to the facility,
it added.
The project includes the production of gas turbines and rotating equipment, a
repair workshop, and service facilities for the Saudi Arabian and
Middle
East
market.
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