Siemens to Run $5.6 Billion in Argentina Infrastructure Projects

Source: Bloomberg
By: Charlie Devereux

Siemens AG, the German industrial giant, will work with Argentina on 5 billion euros ($5.6 billion) worth of infrastructure projects, underscoring the effort by the nation’s president, Mauricio Macri, to win over global business leaders.

Siemens will provide 3.1 billion euros in financing backed by Germany’s export credit agency, Chief Executive Officer Joe Kaeser said Wednesday in Buenos Aires, where Macri is hosting a forum this week to promote the government’s market-friendly policies. The plans over the next four to five years include creating high-efficiency gas power plants and wind-based renewable energy; automating rail transportation systems to improve traffic flow; and working to make Buenos Aires municipal buildings more energy-efficient. Kaeser said the goal is to create 3,000 jobs, including training 700 young people in new skills.

German Vice Chancellor Sigmar Gabriel accompanied Kaeser in a meeting with Macri this week, Kaeser said in an interview. “That should ring a bell about the seriousness of the commitment,” he said. “It’s about two countries coming together.”


  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)