German giant Siemens to revive historic base in Berlin / Photo: RALF HIRSCHBERGER - POOL/AFP
-
'Whole country will stop' as India dreams of home World Cup glory
-
Leclerc 'positively surprised' by Ferrari but says more work needed
-
Djokovic says Alcaraz equipped to extend winning streak
-
Russell warns that Mercedes must raise game despite Australia 1-2
-
China FM urges US to manage differences in face of trade woes
-
Sri Lanka hospital releases 22 rescued from torpedoed Iranian vessel
-
Piastri takes blame for crashing out before home Australian Grand Prix
-
Turkey's jailed mayor says demand for change cannot be stopped
-
Venezuela frees more political prisoners under amnesty law
-
Dominant Russell wins Australian Grand Prix in Mercedes 1-2
-
Alcaraz cruises into Indian Wells third round, Djokovic fights through
-
Iran says can fight for months as Israel strikes Beirut hotel
-
Sri Lanka hospital releases 22 rescued Iranian sailors
-
Andreeva powers into Indian Wells third round with 6-0, 6-0 rout
-
USA rout Britain after nervy start in World Baseball Classic
-
Young Chinese parents tighten belts as childcare costs rise
-
Sony faces $2.7 bn class action from UK PlayStation users
-
Thunder secure 50th win as Gilgeous-Alexander nears record
-
Nepal's rapper-led centrist party heads for poll landslide
-
White House UFC event to be headlined by Topuria-Gaethje
-
Philippines' 'Cockroach Lord' goes to bat for misunderstood bugs
-
Piastri out of Australian Grand Prix after crashing in lead-up
-
US court voids mass layoffs at Voice of America parent
-
Explosion at US embassy in Oslo, no injuries
-
India's economy is booming, but uneven growth clouds ascent
-
German state election a test for Chancellor Merz
-
Israeli strike kills four at Beirut hotel: Lebanon
-
Alcaraz cruises into Indian Wells third round as Djokovic fights through
-
'One Battle After Another' location manager explains THAT car chase
-
Why have 1,000 ships at times lost their GPS in the Mideast?
-
Djokovic battles back to win Indian Wells opener
-
Thompson strike seals US victory in SheBelieves Cup
-
Berger's lead narrows at rain-hit Arnold Palmer
-
Netanyahu vows to press Iran war as Trump honors slain US troops
-
Messi bags 899th goal as Miami down DC United
-
Turkey warns over 'dangerous' bid to stir civil war in Iran
-
Yamal bends Barca past Bilbao, Atletico edge Real Sociedad
-
Marseille take revenge on Toulouse and rise to third in Ligue 1
-
New attacks in Gulf as Iran vows for more
-
Yamal class secures Barca narrow win at Athletic Bilbao
-
Man City hand Newcastle brutal FA Cup lesson as Chelsea survive scare
-
Rybakina holds off Baptiste in testing Indian Wells opener
-
Como boost Champions League bid, Juve back to winning ways
-
As Iran conflict spills over, Iraq's Kurds say 'this war is not mine'
-
Protests across globe mark one week of Iran war
-
US starts using UK bases for 'defensive' Iran operations
-
Chelsea deny 10-man Wrexham Hollywood finish in FA Cup thriller
-
Netanyahu vows to carry on war, 'eradicate Iranian regime'
-
Gonzalez brace helps Atletico beat Real Sociedad
-
Dortmund beat 10-man Cologne to tighten grip on top-four spot
German giant Siemens to revive historic base in Berlin
German industrial giant Siemens on Tuesday launched an urban development project worth 4.5 billion euros ($4.8 billion) in the area of Berlin known as Siemensstadt, where the company enjoyed its pre-war heyday.
The Siemensstadt Square "district of the future" will include new living space for up to 7,000 people and create 20,000 additional jobs at the site, where Siemens still manufactures today, the company said.
Siemensstadt Square "aims to link the worlds of work and research, housing and life in a new way -- worlds that were already brought together in the historic Siemensstadt", Chancellor Olaf Scholz said at the launch of the project.
The development embodies "the future of Berlin and German industry", he said.
The 76-hectare site, due to be completed by 2035, will include homes, factories and research centres as well as offices, shops and educational, sports and leisure facilities.
The project is a way of "reconciling uses" and showing that "industrial activity still has a place in our cities", said Roland Busch, CEO of Siemens.
Siemens built a series of factories on the outskirts of Berlin at the turn of the 20th century, with thousands of employees working in them to produce cables, motors and electric pumps.
They were soon followed by housing for workers and the area became known as Siemensstadt (Siemens town) from 1914, a name it still bears today.
The area prospered until the 1930s but the destruction of World War II, the division of the city and then the building of the Berlin Wall in 1961 put the brakes on further development.
With some 380,000 employees, Siemens has in recent years refocused its business towards digital technology, moving away from the production of heavy industrial equipment.
In another sign of the changing times, the group will not be building housing for its employees in the new development as it did a century ago.
Instead, the 2,500 homes planned will be built by developers.
But Siemens is still billing the development as a return to its Berlin roots, stressing that the company's 750- million-euro contribution to the project is its "largest-ever single investment in Berlin".
A.Rodriguezv--AMWN
