Siemens is still on track to making the three combined-cycle power plants fully operational next month despite challenges presented by the EGP’s devaluation, CEO Joe Kaeser confirmed to Sky News Arabia (watch, runtime 7:14). Siemens investment strategy in the Middle East will focus on infrastructure and health projects primarily in the coming period. The company will also allocate USD 5 bn to energy project research in the Middle East in 2017, Kaeser added.

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