Siemens Middle East accounts for 30% of gas turbine orders

The Middle East region accounted for approximately 30% of Siemens Energy's total gas turbine orders in the third quarter of this year, with a total demand of around 4.5 gigawatts. The company's CEO clarified that the Saudi, Emirati, Qatari, and Omani markets have become some of the key markets in the region, where their demand surpasses the demand for data centers linked to artificial intelligence, which has reached about 20%. The company's results showed record quarterly sales and orders, supported by increased demand for their gas turbines, especially with the expansion of data centers in the United States and power plants in the Middle East. As a result, the company's stock price has increased by about seven times over the past two years.

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