Speaking on the sidelines of the Argentina Business & Investment Forum hosted by the country’s new market-friendly president Mauricio Macri, Kaeser said Siemens would provide 3.1 billion euros in financing backed by Germany’s export credit agency. The investment drive includes energy projects to supply about 5 gigawatts of energy to Argentina – 4 gigawatts from modern gas-fired power plants and 600 megawatts from renewable energy. The jobs would be created over a period of four or five years, Kaeser said, adding that Siemens could create more than 6,000 jobs indirectly. “If Argentina gets it right now they can take the lead in Latin America,” Kaeser told attendees at Macri’s event. Siemens was the main investment commitment made public so far during the government’s investment forum that attracted nearly 2,000 executives from around the world.

Source: Daily News Egypt September 16, 2016 00:56 UTC