in the presence of the Minister of Energy; Juffali Group inaugurates the new expansion of the facilities of the Siemens Energy Company in Dammam, which is 49% owned by the group

Mr. Khaled Juffali, Chairman of the Board of Directors of Ibrahim Juffali and Brothers Group, expressed his great gratitude and all the company’s employees for the patronage and honor of His Royal Highness the Minister of Energy, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, the launching ceremony of Siemens Energy, its new expansion of its facilities in Dammam, in the Eastern Province, to be a center that provides comprehensive services serving Siemens Energy. energy sector; He thanked His Highness Prince Abdulaziz bin Salman for this generous and not surprising gesture from His Highness, which is an extension of his continuous interest and follow-up - may God protect him.

Mr. Khalid Juffali said: "Ibrahim Juffali & Brothers Group owns 49% of Siemens Energy, as this share is part of the group's multiple investments, including the energy sector. Through this project, we aim to contribute to meeting the increasing demand for energy in The Kingdom, which is witnessing great growth as a result of the housing increase, and another important point is the great industrial and economic revolution brought about by the Kingdom’s Vision 2030, which will surely increase the demand for energy, which is the main nerve and engine for all development projects.”

Juffali added: “Today, as our group is in its eighty-fifth year, we do not seek only to invest in providing a commodity, but to localize the industry and train national cadres as an integral part of the mission of the Ibrahim Juffali and his brothers group, which is proud of all the sons and daughters of the nation who contributed to building it and reaching what it has reached.” An economic entity that has its value and its place in the local and foreign economic map, and an extension of the group’s approach to localizing many industries in the Kingdom through many factories that contribute to providing the local market with what it needs of those industries and also exporting to foreign markets.

It is noteworthy that the Siemens Energy Center in Dammam extends over an area of ​​75,000 square meters, and has about 300 employees. It has been able to raise its manufacturing capabilities to provide integrated services to the energy sector, including repair operations that rely on advanced technological applications and solutions. The recent expansions and additions of the center provide the ability to repair and renew equipment in the Kingdom, instead of sending it abroad to carry out the necessary repairs, which means reducing maintenance periods and costs, and enhancing the local content in the Kingdom. Meanwhile, the center's state-of-the-art service workshops make it possible to complete any maintenance and repair of any type of part for rotating equipment and power turbines, including general inspections, regular repairs, product upgrades and 24/7 emergency services.