FINANCIAL NEWS

Schneider Electric’s to increase investments in Egypt

21 Jan 2016

(MENAFN) Schneider Electric’s plans to expand its investments in Egypt by 10 percent, and will invest USD 26bn across the world, involving USD 1bn in Africa, which is good for the company’s sales.

Accordingly, the Co. aims to enlarge its projects, while its recently operates in 120 nations, involving 50 emerging countries in Africa, which need more electricity than other developed nations.

In addition, Schneider Electric has implemented various projects in Egypt, including the third metro line, the Marg water sanitation plant.

The Co. is working on studying the market’s needs and coping with its developments by selecting the newest products for their processes.

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