Siemens is investing 600 million euros in an industrial and technological center in Berlin

Create Date: 2024-8-30 12:03:23|Source: Siemens/Siemens

Sept. 16 (Reuters) -- Siemens returned to its headquarters in Berlin on Wednesday to announce plans to invest 600 million euros ($681 million) in an industrial and technological center in Germany's capital.

This investment will help to create a new Siemensstadt in the Berlin area, where Siemens' predecessor company set up a factory at the end of the 19th century.

According to Siemens, the new project in Spandau covers an area of 70 hectares and aims to transform this large industrial area into a modern urban area of the future, promoting innovation and cooperation between technology and business.

As part of the project,SiemensThe current property in Spandau will be developed into a technology park and start-up base by the end of 2030.

The company said events in areas such as distributed energy systems and energy management, electric vehicle technology, machine learning, artificial intelligence, data analytics and blockchain will be held at Siemensstadt.

Siemens said the investment demonstrates its long-term commitment to doing business in Germany. Hundreds of jobs could be created, but Siemens says it's too early to give the exact number.

Last month, the company said it would lay off 2,900 jobs in Germany as part of a restructuring plan to save 500 million euros in costs.

The group also said on Wednesday that it would establish an industrial and scientific park in Berlin to study conventional power plant technology.

Joe Kaeser, the company's chief executive, said the new Siemensstadt will emulate the original Siemmensstadt and help shape the industry of the future.

"The idea behind the establishment of Siemensstadt in 1897 was to combine spaces for work, research and life to foster a rewarding symbiosis for future success," he said.

Today, we also need to rethink the future of work. Work, study and living will become more integrated, and the increasingly close connection between people and things will create new ecosystems.

Berlin Mayor Michael Mueller said the investment would create new jobs and would boost Berlin's status as a science hub.

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