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Schneider Electric discusses key investment opportunities in the Egyptian market during a meeting with the Prime Minister on the sidelines of Africa 2016 Business Forum
Cairo, 16 February, 2016 - Schneider Electric, the global specialist in energy management and automation, has recently participated in two major regional and local specialized conferences for investment and energy in Egypt and Africa during February. The first conference was Africa 2016 Forum. It was held from 19 to 21 February in Sharm el-Sheikh, under the auspices and participation of H.E. Abdel-Fattah El-Sisi, the Egyptian President. The second participation of Schneider Electric was at Egypt Energy Investment Summit held in Cairo from 16 to 17 February, attended by senior representatives of major companies operating in the Egyptian market. Schneider Electric’s participated in both conferences stems from its commitment to both the Egyptian and African markets, by offering its state-of-the-art energy management, automation solutions and products, as well as providing access to energy for those who don’t have it driven by its belief that energy is an essential human right. Africa 2016 Business Forum is organized by the Ministry of Investment, Ministry of Foreign Affairs, Ministry of Industry and Foreign Trade, and Ministry of International Cooperation. The Conference tackled the key challenges facing investment in Africa, as well as the key investment opportunities in both Egyptian and African markets in energy, communication and information technology, agriculture, trade, healthcare, infrastructure, banks and finance.
On the sidelines of Africa Business Forum, Sherif Ismail, the Egyptian Prime Minister held a meeting with Albert Fuchet, Country President, Schneider Electric Egypt and North East Africa; and Sherif Abdel Fattah, Vice President for Governmental Affairs & Renewable Energy, Schneider Electric Egypt and North East Africa. During the meeting, the Prime Minister praised Schneider Electric’s efforts and projects that align with the government’s strategy. Ismail pointed out that there is a great opportunity for Schneider Electric to contribute in a wide range of projects such as the new Administrative Capital and the development of Suez Canal Corridor. Ismail also stressed the importance of the solar energy project Schneider Electric will execute in Sharm El-Sheikh, aiming to generate 50MW, as well as other electricity projects that constitute the main pillar for industry and other productive sectors. Ismail expressed his willingness to enhance cooperation with Schneider Electric in terms of manufacturing the components of these projects, stressing the necessity to facilitate the procedures required to carry out such projects.
Schneider Electric was represented in Africa 2016 Business Forum by a high-level delegation that included Mohamed Saad, Africa & Caribbean Zone President at Schneider Electric; Albert Fuchet, Country President, Schneider Electric Egypt and North East Africa; Sherif Abdel Fattah, Vice President for Governmental Affairs & Renewable Energy, Schneider Electric Egypt and North East Africa. Saad participated at the forum as a key speaker, addressing the main challenges facing the energy sector in Africa and Schneider Electric’s efforts to help people across Africa and Egypt to have access to energy.
“The energy dilemma in Africa is technology centric. We need collaboration of all stakeholders to provide to our African fellowship the life that they deserve,” said Mohamed Saad, Africa & Caribbean Zone President at Schneider Electric. “Energy consumption in Africa does not exceed 3% of the global consumption, although the continent's population exceeds 1.2 billion, representing 15% of the total world population. That is why Schneider Electric is committed to enhance its presence in Africa, by increasing cooperation with governments, concerned bodies and organizations in the energy sector. Stemming from Schneider Electric’s belief that energy is a human right for everyone, we have launched Access to Energy Program in 2009, aiming to address the three main factors causing energy dilemma in Africa which are: lack of investments, innovation and skills. Access to Energy Program enabled us to provide energy to more than 3.1 million homes, with the help of Schneider Electric’s devices, solutions and business models, as well as investment in 13 small and medium enterprises in energy production, in addition to launching 40 programs in energy management, benefiting more than 100,000 people. On the other hand, companies operating in the Egyptian market should put in place a long and medium-term investment plan to achieve the desired development at the local level as well as achieving the projected profit."
“Africa Business Forum was a key step to increase the economic and commercial relations. Best practice examples were showcased and need to be replicated," said Albert Fuchet, Country President, Schneider Electric Egypt and North East Africa. Albert also highlighted Egypt’s central role in the African market.
In addition, Schneider Electric participated in Egypt Energy Investment Summit held on 16-17 February,Mohamed Saad was a key speaker in the opening session “Understanding Egypt’s Investment Landscape to Engage Private Investors” in the conference , which tackled a number of energy issues in Egypt, including public and private engagement in terms of investments in energy sector, renewable energy, Egypt’s gas sector, financing both energy and industrial sectors, energy as a key catalyst of economic development and improving competitiveness in the Egyptian market.
In the private sector, Schneider Electric participated in a number of significant projects in energy, industry, IT sectors in the Egyptian market, through providing and installing its solutions and products such as switch gears, MV&LV panels and HVAC. In addition, Schneider Electric operations have greatly expanded to include key projects such as: Al-Sokkary Gold Mine, Ismailia and Port Said tunnels in the Suez Canal project in favor of Mantrac Company, Petrobel expansions, Assuit Cement factories, Egypt Aluminum complex, Amreya wastewater treatment plant, Yosr salt water desalination station, SUMED Co. as well as other projects.
In addition, Schneider Electric cooperates with the Egyptian government in many projects, aiming to expand its investment portfolio in solar energy, while executing major projects in cooperation with key economic sectors, including but not limited to oil & gas, industry, infrastructure, smart buildings, automation and more.
"For Schneider Electric, energy production and distribution is a key aspect of cooperation with the Egyptian government" said Sherif Abdel Fattah, the Vice President for Governmental Affairs and Renewable Energy, Schneider Electric Egypt and North East Africa. "We were honored to be part of the Ministry of Electricity’s Contingency Plan, and we succeeded in providing more than 50% of the generation capacity. We were able to deliver 1500 MW in May 2015 through Assuit station with a capacity of 1000 MW, and East Damietta station with 500 MW. The plan was a great success, with a very positive impact on the frequent power blackouts during last summer, compared to previous years" added Sherif.
Schneider Electric Egypt and North East Africa operates in Egypt, Libya and Malta. Schneider Electric was first established in Egypt back in 1987 and it has 1,400 employees. Egypt is home to Schneider Electric’s ISO certified Regional Equipment Plant for MV&LV distribution panels and Product Distribution Center in Badr Industrial City. Schneider Electric Egypt and North East Africa exports its products to a number of countries across the region such as: Qatar, United Arab Emirates, Zambia, Nigeria, Morocco, and others.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of €25 billion in FY2014, our 170,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies will reshape industries, transform cities and enrich lives.
At Schneider Electric, we call this Life Is On.