The project covers an area of 70 hectares and aims to transform the large industrial area into a modern urban district of the future characterized by diverse uses. In cooperation with science and business, selected key technologies and fields of innovation are to be strengthened and research, specialist and start-up centers as well as non-university and scientific institutions and their partner companies are to be established here.

The project is a long-term and future-oriented commitment to Germany as a business location. With this pact for the future, the partners aim to strengthen the state of Berlin as a location for future industries and technologies and to make Siemensstadt a key location in this respect. The project aims to develop the current Siemens site in Spandau into a technology park and incubator in the heart of Siemensstadt by 2030. The existing industrial architecture offers an attractive environment for new models of working and an excellent basis for new production requirements in the future. Pioneering office, research and production areas are to be created as well as modern forms of living.

"The founding concept of Siemensstadt in 1897 was to combine work, research and living and thus create an intact symbiosis for a successful future. Today, too, we need to rethink the future of work. Megatrends such as industrial digitalization and urbanization will bring fundamental changes. Work, life and living will become more integrated and the increasing networking of people and things will create new ecosystems. Siemens is the global market leader and thought leader in automation and industrial digitalization. This is exactly what Siemensstadt 2.0 is all about - we want to shape Industry 4.0 as a leader in the socio-economic environment. This includes a networked ecosystem with flexible working conditions, social integration and affordable housing," says CEO Joe Kaeser.

Governing Mayor Michael Müller: "I would like to thank everyone involved, especially the employees in the Berlin administration. We were able to present Siemens with a very good offer earlier than the company had expected. This was a tour de force. I am particularly pleased that Siemens' commitment came on the last day of my Federal Council presidency, during which I focused on the development of the world of work in the age of digitalization. We will continue to pursue the topic of digital and social, also with the help of this largest single investment in Berlin, because increasing digitalization is not only changing the world of work, but also the lives of many people, just as it did during the industrial revolution. This commitment to Berlin will provide impetus for the next 20 years. Jobs will be created, the science location will benefit and the infrastructure will also be developed. Berlin will increasingly become a smart city. This sends a clear signal from Berlin: Economic modernity and social responsibility belong together and are being thought of, tested and lived here."

"The Berlin Senate has convincingly shown us that it wants such a major project. And it has created very good conditions to make the development a success for both sides. As a native Berliner, I am personally delighted with this agreement. With the new Siemensstadt, we are creating an ecosystem that is open to all, bringing together work, research, living and learning on one site. We are combining cutting-edge technology and new working environments and thus developing a neighborhood that offers space for development and progress. We are thus taking up the original idea of Werner von Siemens and carrying this idea into the future," said Cedrik Neike, member of the Siemens Managing Board.

Specifically, fields of application such as decentralized energy systems and energy management, electromobility, Industry 4.0, machine learning, networked assets, the Internet of Things (IoT), artificial intelligence, data analytics, blockchain and additive manufacturing are to be located in Siemensstadt. The concept provides for investments in service and production-related core competencies. This also involves new job profiles. In coordination with the Berlin Senate, Siemens will hold an urban planning competition that will form the basis for the further development of the project.

As part of the Siemensstadt agreement, a second letter of intent for an industry and science campus was signed with the City of Berlin, TU Berlin, the Fraunhofer-Gesellschaft and the Federal Institute for Materials Research and Testing (BAM). The letter of intent sets the course for an initial concrete measure that addresses both dedicated core technologies and specific fields of application in the area of conventional power plant technology.

Siemens employs around 11,400 people in Berlin. In addition to production, other areas of employment include engineering, research and development, training and further education, customer service and sales. This makes Berlin the company's largest production site worldwide to this day.