Siemens to invest up to €600 million in Berlin
With the biggest single investment ever in its company history, the technology group wants to transform the historic Siemens industrial estate in Berlin’s Spandau district into Siemensstadt (‘Siemens City’) 2.0, with the intention of strengthening Berlin’s position as a home to forward-looking industries and technologies.17 Nov 2018 Barbara Rusch
In an agreement with the Berlin state government, Siemens AG has committed to invest up to €600 million in the Siemensstadt 2.0 project over the coming years. The project aims to transform the 70-hectare industrial area in Berlin-Spandau into a modern district with trailblazing office, research, and production spaces, as well as modern residential concepts by 2030. The district is to become home to centers of research and expertise, startup incubators, and research and scientific institutes, as well as their partner companies. Specifically, activities in fields of application such as distributed energy systems and energy management, electric vehicle technology, Industry 4.0, machine learning, networked assets, Internet of Things (IoT), artificial intelligence (AI), data analytics, blockchain, and additive manufacturing are to be based in Siemensstadt. Siemens has some 11,400 employees in Berlin, making Berlin the Group’s biggest manufacturing location worldwide.
As part of the Siemensstadt 2.0 agreement, a second memorandum of understanding (MoU), for an industrial and scientific campus, has been signed with the City of Berlin, the Technical University of Berlin, the Fraunhofer Society , and the German Federal Institute for Materials Research and Testing (BAM) .
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