Siemens to invest in Saudi Arabia

Siemens AG plans to invest hundreds of millions of dollars in building a gas turbine manufacturing and repair facility in Saudi Arabia. The plant is expected to be operational 18 months after approval is received from the authorities. The manufacturing hub will eventually create more than 1,000 jobs on site, with another 3,000 jobs indirectly related to the facility. 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.Air Zoom Pegasus 33