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

03/12/2025 04:59 AST

Siemens Saudi Arabia expects annual growth in its operations to exceed 15 percent, driven by ongoing industrial and infrastructure expansion in the Kingdom as well as preparations for the 2034 World Cup, according to Fawaz Al-Shammari, senior vice president and head of the digital industries sector at Siemens Saudi Arabia.

Speaking to Al-Eqtisadiah on the sidelines of the Industrial Transformation Exhibition in Riyadh, Al-Shammari said the company is strengthening its presence through expansion and accelerated technology adoption, capitalizing on the country's economic momentum and its shift toward advanced technologies and artificial intelligence.

He noted that Siemens currently operates an advanced factory in Jeddah that produces a wide range of industrial products for local and international customers. Production volumes continue to grow as the company introduces new products, in line with the Kingdom's drive to boost local content.

Al-Shammari added that Siemens was among the first to introduce edge computing technologies in the region, enhancing factory efficiency and supporting industrial transformation. He also highlighted the company's role in the electric vehicle sector, where its solutions support manufacturers such as the Saudi company Ceer in building their production capabilities and strengthening readiness for future technologies.

He revealed that Siemens is implementing major projects in the Saudi market, including a recent partnership with Aramco to develop a state-of-the-art 3D-printing facility in collaboration with IBM - one of the most advanced globally.

Siemens' investments in Saudi Arabia have now exceeded several billion riyals across the industrial, energy, infrastructure and transport sectors. Its plans for 2026 include significant expansions, the launch of new production lines, and the introduction of industrial cybersecurity and sustainability solutions.

Al-Shammari also pointed to a comprehensive agreement signed with the Ministry of Industry and Mineral Resources under the Future Industries Programs, which covers the introduction of advanced manufacturing technologies, factory-readiness assessments, and training for ministry staff and workers in national factories to enhance competitiveness and support sustainable industrial transformation.

He said Siemens' relationship with Saudi Arabia dates back to 1928 through the Hejaz Railway project and later through the introduction of the Kingdom's first telephone services. Over the decades, the company's operations expanded across the oil, gas, water, food and electricity sectors, with Saudi Arabia now serving as a key hub for Siemens' digital-industry operations in the Middle East.

Recent years have seen significant advances in the adoption of advanced technologies in Saudi Arabia, Al-Shammari said, adding that annual growth is expected to exceed 15 percent in the coming period amid rising industrial, infrastructure and export activity, as well as preparations for hosting the World Cup - making the Kingdom a strategic market for the company's regional expansion.

Arab News