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Press Release17 February 2020Siemens AGKuwait
New Siemens report reveals its contributions to Kuwaiti society
Through its operations across different sectors, Siemens’ technology is used to produce 22% of Kuwait’s power generating capacity, and in the distribution and transmission of 70% of its electricity, ensuring that 4.4 million residents have access to power. When it comes to creating jobs, Siemens employs 280 people in the country and enables an additional 500 jobs in Kuwait. Siemens’ innovative technologies are used in 85% of wastewater treatment facilities, 90% of the steel sector and 100% of the cement industry. Siemens Gamesa Renewable Energy provided the turbines that power the Al-Shagaya wind farm, the first and only wind power facility in Kuwait.
“We are proud to present this report which recognizes that we can only evaluate our success as a company by carefully considering what is important to the government and the people of Kuwait,” said Herbert Klausner, CEO of Siemens in Kuwait. “Our contribution to the country’s dynamic and visionary journey will continue as we bring energy efficient, resource-saving technology to all our projects, and build on our efforts to transfer knowledge and skills to the next generation.”
Digitalization is one of the Siemens’ key pillars, alongside electrification and automation, and is implemented across its portfolio. The company uses innovative digital technology to merge the physical and virtual worlds, harnessing data to create value for customers and to protect the planet. For example, Siemens supplies 80% of the automation systems used in the food and beverage industry in Kuwait.
To ensure sustainable development while preserving the environment and to strike a balance between economic and social development, the Gulf Arab nation has outlined an ambitious Kuwait National Development Plan 2035 which stems from his Highness the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s vision for a New Kuwait. It focuses on reducing reliance on hydrocarbon exports, creating new employment opportunities for Kuwaiti nationals, and upgrading infrastructure to diversify the economy and provide a sustainable living environment.
In this vein, Siemens has contributed to Kuwait’s 2035 vision and the United Nations Sustainable Development Goals with its technology solutions across many sectors. And as part of giving back to society, Siemens is contributing to knowledge transfer and developing local skills through internships, academic credit-based internship program with Kuwait University, and the establishment of the Siemens Power Academy and Siemens Training for Industry. Over 90 Kuwaiti nationals undergo Siemens training courses every year.
These efforts demonstrate Siemens’ commitment to its strategic partnership with Kuwait and its support of the country’s ambition to develop a diversified and flexible knowledge-based economy powered by skilled Kuwaitis and strengthened by world-class talent.
The full report – also known as ‘Business to Society,’ which is Siemens’ approach to sustainability reporting – can be found at siemens.com.kw
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet www.siemens.com.