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Schneider Electric Executive Vice President International operations discusses scaling investments in Egypt’s mega projects during the French President visit to Cairo

Cairo 28 January 2018 – As part of the business delegation accompanying French President Emmanuel Macron visit to Cairo, Luc Remont, Executive Vice President International Operations of Schneider Electric, the leader in digital transformation of energy management and automation, discussed today the Group expansion plans with Egyptian officials.

Schneider Electric wishes to accelerate its cooperation with the Egyptian government and scale up its investments in the country, notably in the fields of renewable energy, power, smart cities and seawater desalination. Thanks to the government national development plan, Egypt is offering many great investment opportunities in major projects.

Egypt represents a key country for Schneider Electric that is present from 1987 and employs 1,300 people. The Group has been working closely with the egyptian government to offer energy-efficient infrastructure solutions in major development projects such as the New Administrative Capital east of Cairo, the New Alamein City on the Mediterranean coast and the solar park in Benban in Upper Egypt.

Schneider Electric has set up two power plants in the governorates of Assiut and Damietta as part of the government’s plan to double Egypt’s current power generation capacity.

The company also partnered with the Egyptian EV infrastructure company Revolta to build 65 charging sites across the country to encourage the electric vehicle transition and promote mainstream acceptance of this type of vehicles. Eng. Walid Sheta, Schneider Electric's Regional Cluster Head of North East Africa and Levant, expressed the company's eagerness to increase the volume of its business and investments in Egypt as a key market for many countries in the Middle East and Africa, especially with the improved economic conditions and the success of the government's economic reform program, which is an essential foundation for instilling confidence in international companies.

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.

With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.

In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.

We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment. www.schneider-electric.com
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