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Jakarta Post

Siemens inks deals to deepen involvement in China's Belt and Road initiative

  • Riza Roidila Mufti

    The Jakarta Post

Beijing   /   Thu, June 7, 2018   /   09:22 am
Siemens inks deals to deepen involvement in China's Belt and Road initiative Siemens' president and CEO Joe Kaeser speaks at the Belt and Road International Summit held by Siemens in Beijing on June 6 (JP/Riza Roidila Mufti)

German engineering company Siemens has signed more than 10 agreements with Chinese partners to explore potential markets in Asia and Africa, including Indonesia, the Philippines, Nigeria and Mozambique.

The agreement was announced during the Belt and Road International (BRI) Summit in Beijing on Wednesday. 

Claiming to be the global leader in automation and industrial software, Siemens collaborated with its Chinese partners for infrastructure development, ranging from power generation, energy management, building technology and intelligent manufacturing. 

“This cooperation encompasses our full scale portfolio, from power generation to energy management and building technology, all the way to digitalization for manufacturing and industry,” said Siemens president and CEO Joe Kaeser.

The cooperation agreement involved a number of leading Chinese enterprises, including China Gezhouba Group Corporation International Engineering, Guangdong Yuedian Group, China National Chemical Engineering Group Corporation, China Civil Engineering Construction Corporation and China Railway Construction Corporation.  

In Indonesia, Siemens AG, through Siemens Indonesia, signed an agreement on power generation and power plants.  

The BRI program has proven to have far-reaching works with China to accelerate infrastructure development in emerging markets, Kaeser said.  

“BRI has the potential to change the world and can change the world trade and economic order. It is an economic strategic long-term plan that represents 1 trillion euro investment infrastructure that could potentially improve [the prosperity of] more than 70 percent of the world’s population,” he said. 

Currently, Siemens has partnerships with 100 Chinese enterprises in more than 100 countries. The company has also set up the Belt and Road Office in Beijing to intensify the company’s effort to team up with global partners and explore business opportunities arising from the BRI. (bbn)