Siemens supports Qatar's industrialization drive with power equipment manufacturing franchise
- Qatar: Wednesday, October 10 - 2012 at 14:18
- PRESS RELEASE
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare sectors, has signed a franchise agreement with a Qatari firm for the manufacturing of low-voltage power distribution boards that supports the Gulf state's industrialization drive.
The franchise agreement gives Al Khayarin Switchgear the authorization to manufacture the Sivacon 8 power boards locally, boosting manufacturing and industrial activity in one of the world's fastest growing economies. The low-voltage power distribution product has set new standards for boards used in industrial applications and infrastructure. Sivacon S8 is ideal for simple and consistent distribution of power, offering maximum personal and system safety while saving costs and reducing risks.
Bernhard Fonseka, CEO, Siemens Qatar, said: "Building up local resources and competencies is essential when pursuing the creation of a more sustainable economy, which is what Qatar is in the process of doing as part of its National Vision 2030. To have a local manufacturer for the Sivacon switchgear assembly is a significant step towards the ongoing transformation of the country."
As part of the franchise, Siemens will provide legal manufacturing authorization, software design, guidelines, methods and training to Al Khayrin for the successful manufacturing of the boards. Al Khayarin Switchgear is a multi-discipline Qatari organization and has been a partner of Siemens for the past three years as an "Authorized Panel Builder", which means the company has its own design of metalwork and includes Siemens components to provide low-voltage switchboards for the Qatari market.
Mr Mohammad Idrees Anwar, CEO of Al Khayarin Group said: "The low-voltage boards offer great flexibility and efficiency in power distribution, whether it is to homes, commercial buildings, or industrial plants. We are excited and proud to be the first and only manufacturer of Sivacon S8 in Qatar."
The franchising agreement clearly demonstrates commitment from Al Khayarin Group and Siemens WLL to invest into the sustainability that industrial manufacturing will bring to Qatar's economy, which is forecast to grow 6% in 2012.
It will also help meet the increasing demand for systems made in Qatar, as the country moves ahead with a massive infrastructure upgrade program driven by preparations for the 2022 World Cup.
The country plans to invest an estimated $150bn across the economy in the next five years, including in energy-efficient and sustainable projects and green technologies and solutions.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of Mediaquest FZ LLC. Mediaquest FZ LLC is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.