Siemens wins $400 m order to supply gas turbines to Saudi Arabia

Siemens said it had won an order worth around $400 million to deliver five gas turbines for a combined heat and power plant being built in Saudi Arabia by South Korea's Doosan Heavy Industries & Construction.

The turbines will be produced at the Siemens Dammam Energy Hub (SDEH) in Saudi Arabia, the first manufacturing facility for gas turbines in the country and the largest in the Middle East, Siemens said in a statement on Thursday.

The order also includes an agreement to supply services to the plant for 16 years jointly with Kahrabel FZE, an affiliate of ENGIE Group.