Siemens set to establish plant in Dammam
2012-03-17 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: German electronics and electrical-engineering giant Siemens and Saudi Industrial Property Authority (MODON) have signed a land lease agreement for the establishment of a manufacturing and service facility in Dammam at a cost of SR750m ($200m), Saudi Gazette has reported. Under the agreement, Siemens Energy will lease a 220,000 sq m plot of land - equivalent to about 30 soccer fields - in Dammam Industrial City and invest a three-digit million dollar figure in building a centre for the local manufacturing of gas turbines, compressors and heat recovery steam generators as well as repair shops and service facilities for the Saudi market. The construction on the project which is due to start in May, is expected to be completed in late 2013.  

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