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