Siemens Pushes for Major New Iraq Electricity Deal

By John Lee.

German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country's electricity infrastructure.

It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe Kaeser (pictured) on a visit to Baghdad on Sunday in the hope of agreeing a multi-billion euro deal.

The German export credit guarantee company Hermes would be expected to underwrite any contract.

US-based General Electric (GE) is believed to be also in the running.

(Source: Handelsblatt)

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One Response to Siemens Pushes for Major New Iraq Electricity Deal

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    Ibn Al Iraq
    24th September 2018 at 10:06 #


    Very Good News indeed for Iraq and Siemens.

    Germany will always play a vital part in rebuilding Iraq.

    We call on the GoI to provide full support to Siemens' operation and remove any hurdles/corruptions on their way! We are confident that this unique establishment will be contributing a constructive and sizeable funds to Common & Social Responsibility within Iraq.

    Thank you

    God bless Iraq