Siemens delivers first Made in KSA gas turbine

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Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, Amin Nasser, president and CEO of Saudi Aramco and Deputy Minister of Electricity and Chairman of Saudi Electricity Company Saleh Al-Awaji at the Siemens Dammam Energy Hub.
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Updated 23 May 2016
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Siemens delivers first Made in KSA gas turbine

DAMMAM: In line with Saudi Vision 2030 and Saudi Aramco’s in-Kingdom Total Value Add (iktva) program, Siemens has delivered its first gas turbine built in Saudi Arabia.

The gas turbine, which will be installed at Saudi Aramco’s new power plant as part of the Jazan refinery project, was produced at the Siemens Dammam Energy Hub, Saudi Arabia’s first gas turbine manufacturing facility and the largest in the Middle East.
The celebration ceremony of the first Made in KSA gas turbine on Sunday, held with the support of Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, was attended by Amin Nasser, president and CEO of Saudi Aramco, welcomed dignitaries from the government, as well as key stakeholders from the private sector.
Al-Falih said: “Today, we celebrate the first utility-size gas turbine to be assembled here in Saudi Arabia. My thanks and congratulations to everyone at Siemens who has worked hard to make this day possible – including, of course, the qualified young Saudis, trained by Siemens with Saudi Aramco support. This achievement closely aligns with Saudi Vision 2030 announced last month by Deputy Crown Prince Mohammed bin Salman, with the full blessing of Custodian of the Two Holy Mosques King Salman.”
He added: “While oil and gas will remain fundamental pillars of our economy, the promise of Saudi Vision 2030 will liberate our economy from its over-dependence on oil exports for revenues. Instead, our natural endowments will enable our country’s other strengths and capabilities — especially the talent and energy of our youth, and the critical SME sector — in fundamentally new ways.”
“Today is a symbol of the win-win-win that can be achieved for suppliers, for Saudi companies, and for Saudi Arabia if we share the same vision and share the same responsibility for making it a reality. The Kingdom is open for companies, like Siemens, to invest further in our economy, our SMEs, and our people, in return for rich rewards – both here in the Kingdom and from resulting exports.”

Nasser said: “I congratulate the Siemens team for the delivery of the gas turbine from their largest Middle East manufacturing facility in Dammam Second Industrial City. Working with MODON and Saudi Aramco, Siemens has demonstrated that close collaboration can help realize localization growth opportunities, aligned with Saudi Vision 2030.”
Joe Kaeser, president and CEO of Siemens AG, stated: “The Kingdom’s Vision 2030 represents the ambitious determination of transforming the nation economically and socially. We sincerely believe that Vision 2030 is one of the most significant milestones in the Kingdom’s contemporary history since the discovery of oil. Siemens and its more than 2,000 employees in the Kingdom will actively support Vision 2030, through localization, innovation and global partnership.”
In 2011, Siemens, together with Saudi Aramco and Saudi Electricity Company, jointly committed to build the Siemens Dammam Energy Hub as part of the company’s continuously expanding local footprint in the Kingdom.
Saleh Al-Rasheed, director general of the Saudi Industrial Property Authority (MODON), said, “When MODON and Siemens signed the land lease agreement for the construction of a manufacturing and service facility in 2012, we had an ambition at that moment, and believed this would be one of many mega projects that MODON has successfully attracted to the industrial cities. Today, we are happy to see that the largest Siemens manufacturing facility in the Middle East to call the Second Industrial City in Dammam its home. We appreciate the efforts that Siemens has invested in training and qualifying young Saudis to achieve true knowledge transfer and the build-up of local capabilities.”
Siemens has embarked on a program to train young Saudi talent in advanced gas turbine technologies, both domestically and abroad. The graduates from the program are employed at the Dammam factory and represent the next generation of leaders and experts who will shape the future of the energy industry in the Kingdom.
Arja Talakar, CEO of Siemens Saudi Arabia said: “Today is a historic day for the Kingdom of Saudi Arabia and for Siemens. Together with our partners we were able to give this high-tech gas turbine a new home, with technology built by young Saudi talent, in Saudi Arabia, for Saudi Arabia. That is what we are celebrating today.”
Siemens has been active in the Kingdom for over 85 years and carries on with its commitment to being an active player in the development of the Kingdom’s infrastructure. Deputy Minister of Electricity and Chairman of Saudi Electricity Company Saleh Al-Awaji was among the dignitaries at the event and echoed this sentiment, and said: “No doubt Siemens is one of the historical partners in the Kingdom, a partner of our infrastructure development, particularly in the power sector.”
The event provided an excellent opportunity to underline Siemens’ new claim — Ingenuity for Life. Arja Talakar explained: “Ingenuity for Life is the claim that encompasses the unrelenting drive and promise to create value for our customers, employees, partners and society every day, and for an entire lifetime. With ingenuity, Siemens sets the benchmark in electrification and automation, enhanced by digitalization around the globe. Our goal is to serve and advance societies by making our technology and knowledge accessible to more people around the world.”
Kaeser added: “Since our company’s formation, nearly 170 years ago, we have had a clear commitment to thinking and acting in the interest of future generations because we believe that acting responsibly is the only way to achieve a balance between profitable long-term growth, the planet and people. Siemens conducts business to society, and together with Juffali we are ready to jointly identify what lies over the horizon and will leverage our collective strength to serve the Kingdom and its people. Because what is important to Saudi Arabia matters to Siemens.”


Samsung announces folding phone with 5G — at nearly $2,000

Updated 21 February 2019
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Samsung announces folding phone with 5G — at nearly $2,000

  • The device looks similar to a conventional smartphone, but then opens like a book to reveal a display the size of a small tablet
  • Samsung is also making improvements to its flagship Galaxy S devices and plans to offer a 4G version of its folding phone
SAN FRANCISCO/LONDON: Samsung Electronics Co. Ltd. on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc. and Chinese rivals and reignite consumer interest amid slumping sales.
The Galaxy Fold will go on sale on April 26 and take advantage of new and faster 5G mobile networks. The device looks similar to a conventional smartphone, but then opens like a book to reveal a display the size of a small tablet at 7.3 inches (18.5 cm).
The device “answers skeptics who said that everything that could be done has been done,” DJ Koh, chief executive of Samsung Electronics, said at an event in San Francisco. “We are here to prove them wrong.”
Samsung remains the world’s largest smartphone maker with nearly a fifth of global unit sales but underperformed a slumping market last year. Chinese rival Huawei Technologies Co. Ltd. — whose Mate series of phones also command premium prices — gained market share. Other Chinese makers like Xiaomi Corp. have also been increasing prices, leaving Samsung to defend its turf against upstart rivals in addition to its longtime foe Apple.
With the foldable phone, Samsung is going on the offense on two fronts in the smartphone race: It is offering an eye-catching new feature with the big, bending screen and the first 5G connection in a premium phone, a feature analysts do not expect Apple to match until 2020.
Samsung is also making improvements to its flagship Galaxy S devices and plans to offer a 4G version of its folding phone.
It also challenges the notion of what a phone can cost, debuting at nearly twice the price of current top-of-the-line models from Apple and Samsung itself.
Patrick Moorhead, founder of Moor Insights & Strategy, said the new folding device could help Samsung stay at the top and lure consumers to upgrade devices that have looked largely the same over the past five years.
“Samsung and Apple go back and forth” to lead the premium smartphone market, Moorhead said. “I think this is Samsung’s chance to take back the innovation crown.”
And even though the $1,980 starting price is steep, some dedicated Samsung fans said they would pay it. Navneet Kumar Singh, a Samsung enthusiast from India who traveled to San Francisco to watch the launch, is ready to place his order.
“The prices of the flagship models have been a little aggressive in India,” he said, “But in the end, if you invest the money you’re getting a different experience.”
Samsung also introduced several accessories to compete against Apple, including a pair of wireless headphones called Galaxy Buds. The headphones include wireless charging, a feature that Apple has promised to put into is competing AirPods but has not yet released.
Samsung also said that its new Galaxy phones will be able to wirelessly charge its headphones and new smartwatches by setting the accessories on the back of the phone.

10 times faster
Along with the folding phone, Samsung also added new cameras and a 5G version to its Galaxy series of phones.
Verizon Communications Inc. will be the first carrier to offer service for Samsung’s 5G phones. The networks are expected to be 10 times faster than current ones, improving viewing of live news and sports events.
With the 5G versions of its flagships, the Korean electronics maker looks to have beaten Chinese rivals in the 5G race, although the device will operate only on the small number of networks launching later this year. Apple is not expected to release a 5G smartphone until late 2020.
The new networks are not available in many places yet but will roll out this year and next. Consumers who want to hold on to their phones for several years before upgrading may be tempted to buy a 5G phone now so that it will be able to take advantage of those networks later, said Bob O’Donnell of TECHnalysis Research. That could sway some Apple buyers over to Samsung and other Android makers with 5G devices.
“People are going to be thinking about, am going to be able to use this a year from now? Two years from now? Three years?” he said.
Rival smartphone makers are expected to announce 5G models at next week’s Mobile World Congress, the industry’s top annual event, in Spain. Samsung said its 5G handset would be available in the early summer.
The Galaxy 10 series needs to appeal to consumers who are reluctant to upgrade for only incremental technological improvements in performance.
All of the Galaxy series of rigid phones except the 5G will be available from March 8, with the S10+ priced from $1,000, the S10 priced from $900 and the smaller S10e from $750.
The mainline S10 compares with $999 for Apple’s iPhone XS and $858 for Huawei’s premium Mate 20 Pro.