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Siemens, GE Wage Battle for $15bn Power Deal in Iraq

Posted on 24 September 2018 | 8:58 pm by editor

Siemens AG and rival General Electric Co. are battling for a mega contract worth an estimated 13 billion euros ($15 billion) to develop power stations in Iraq, an order that would hand the winner a badly needed boost amid a deep slump in the industry. Siemens Chief Executive Officer Joe Kaeser met with Iraqi Prime […]

The post Siemens, GE Wage Battle for $15bn Power Deal in Iraq appeared first on Bloomberg Businessweek Middle East.



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