10 SIEMENS ENERGY

Siemens Energy has moved up on our list as the service major continues to advance multiple clean energy projects in the Middle East. The company also completed the expansion of its one-stop shop for the energy industry hub in Dammam, increasing its local capabilities in the energy industry, in line with Saudi Arabia’s Vision 2030. The facility, which now covers significant parts of the energy value chain, is the largest of its kind in the region and is ready to support neighboring countries.

Last year, Siemens Energy signed a memorandum of understanding with the Egyptian Electricity Holding Co (EEHC) to establish and develop long-term cooperation to scale up the hydrogen-based industry in Egypt. Siemens Energy and EEHC will jointly promote investment, technology transfer, and implementation of projects related to hydrogen production, based on renewable energy in Egypt.

Siemens Energy also collaborated with Dubai Electricity and Water Authority and Expo 2020 Dubai to inaugurate the first industrialscale, solar-driven green hydrogen facility in the Middle East and North Africa.