UTILITIES

HEADQUARTERS: MUNICH, GERMANY

NUMBER OF EMPLOYEES: 100,000 +

REVENUE: US $ 144.67BN NUMBER OF COUNTRIES: 90 +

Siemens’ track record in Syria and the Middle East Siemens had a footprint in Syria before the war broke out in 2011, building several major facilities including the 1.5GW Deir Ali power plant, which is still the country’ s largest.

The company has also drawn on comparable work in the region to inform its approach in Syria in the years to come. In Iraq, Siemens Energy already has 11.65GW of installed capacity and plans to add around 14GW with partners as financing conditions improve.

Elsewhere in the region, the company has also secured contracts to add several gigawatts of new capacity to the Saudi Arabian grid.

Questions that remain unanswered While the announcements made on 30 March are certainly a cause for optimism, there are several factors currently tempering expectations.

Siemens, alongside Koch Engineering, was selected to provide engineering, procurement, and construction services for the Al-Nasserieh Power Plant, which was commissioned in 1995 with a capacity of 487.5MW

70 May 2026