During Belt and Road International Summit held by Siemens on June 6, the company signed more than ten agreements with Chinese partners in support and exploration of opportunities from the Belt and Road Initiative.
The agreements with Chinese companies include China Railway Construction Corporation (International), China Civil Engineering Construction Corporation (CCECC), China National Chemical Engineering Group Corporation, China Gezhouba Group Corporation International Engineering.
The cooperation covers power generation, energy management, building technology and intelligent manufacturing, and it targets market potentials of countries and regions such as Indonesia, the Philippines, Nigeria, Mozambique as well as South America.
“As a long-term and well-established partner of China and its industries, we support the call of the Belt and Road Initiative and take another solid step forward on a larger scale and a wider scope”, Joe Kaeser, President of Siemens AG said.
Siemens is among the first global companies to partner with Chinese EPCs (Engineering, Procurement and Construction) in their “go global” endeavor. The company has been joining forces with over 100 leading Chinese EPCs in more than 100 countries and regions for more than two decades.