Siemens intensifying effort in B&R projects

German industrial conglomerate Siemens AG will establish an office in Beijing for businesses related to the Belt and Road Initiative, further intensifying company-wide efforts to continue teaming up with both Chinese and global partners, according to a senior executive.

The office will become Siemens' global hub, responsible for executing the company's strategy to develop the Belt and Road Initiative, integrating internal and external resources to support the initiative, strengthening interactions with multiple stakeholders.

Cedrik Neike, a member of the managing board of Siemens AG, said the group will invite more than 800 people including politicians and business executives to Beijing this year for further developing projects generated from the Belt and Road Initiative.