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Cairo – February 12, 2018
Egyptian President Abdel Fattah El-Sisi opened on Monday the Egypt Petroleum Show EGYPS 2018, North Africa's largest oil and gas exhibition which aims at offering regional investment opportunities and boosting collaboration in the oil and gas industry.
The three-day event brings together over 500+ exhibiting companies from over 35 countries, dozens of global business leaders and industry experts, government representatives, consultants and financiers to promote strategic partnerships and business and networking opportunities, offer insights into the North African oil and gas sector and enhance industry collaboration in the region and globally.
Schneider Electric, a global specialist in energy management and automation, is taking part in the event, showcasing the company's latest energy management solutions and offering a glimpse of an array of energy projects it has carried out in Egypt.
Walid Sheta, Schneider Electric's Regional Cluster Head of North East Africa and Levant, has hailed recent steps taken by Egypt in its plan to become a regional energy hub.
"Egypt's great potential of natural gas will significantly bolster the country's development projects and will be a game changer for the industry especially after production started at its mammoth offshore Zohr gas field which will completely transform Egypt's energy landscape," Sheta said.
Sheta highlighted success stories of how public-private partnerships have leveraged Egypt's natural resources to become a main pillar of the country's development strategy.
"Recent discoveries and joint ventures will help speed up Egypt's gas production, allowing the country to meet domestic demand, become self-sufficient by the end of 2018 and turn into a future exporter," he added.
EGYPS is a great opportunity to gain insights into future oil and gas opportunities in Egypt and North Africa, learn the latest global technologies in the sector and how to boost Egypt's energy industry to cover domestic consumption and meet industry needs, Sheta noted.
During the event, Schneider Electric is planned to honour one of the three female winners of the Energy Awards, a global excellence rewarding program in the energy business.