Schneider Electric posts solid MEA growth
Riyadh, April 15, 2012
Schneider Electric, the global specialist in energy management, said it had registered a 12 per cent growth in new economies across the Middle East and Africa region during last year.
Announcing its record performance in the region, Schneider Electric said Saudi Arabia notched the highest sales, accounting for 60 per cent of GCC sales and 30 per cent of the sales in the Middle East.
The company has also put in place plans to tackle the growing energy challenge confronting Saudi Arabia.
Speaking at a media briefing in Riyadh, Schneider Electric outlines its significant investment and expansion strategies that include the recruitment of up to 30 per cent more workforce in 2012.
The company also put in place plans to tackle the growing energy challenge confronting Saudi.
Christophe Campagne, country president, Schneider Electric, Saudi said, '2011 has been a highly eventful year for us in Saudi. We have completed numerous projects and won significant high-profile assignments in addition to launching creative initiatives and expanding our footprint in the country.'
Campagne spotlighted the integral wins in Saudi that complement Schneider Electric’s regional growth during 2011.
These include the ambitious Information Technology and Communication Complex (ITCC) in Riyadh, one of the firm’s largest and most important on-going projects; King Saud University (KSU) Girls’ Campus electrical infrastructure solution, for which Schneider won the Best Electricity Project of the Year at the Buildinfra Awards; Saudi Telecom Company (STC), Microsoft Innovation Centre (MIC) at Al Yamamah University, and the Arab National Bank (ANB) that saw the company implementing advanced mission critical data center solutions, he added.
Schneider Electric said the overall report ‘Rest of the World’ further revealed that the momentum in other parts of Middle East as well as Russia and Latin America was robust, driven by continued investment in infrastructure and natural resource sectors.
Campagne pointed out that Schneider's investment and expansion plans were gathering pace with a brand new factory in the Kingdom.
“Moving forward, we aim to replicate our high standards of energy management across all regions through our vast network of offices, manufacturing plants and sales offices. Our operations in Saudi demonstrate a clear example of Schneider’s best practices,” he remarked.
The global giant, he said, completed new commercial buildings in Makkah, Jubail and Riyadh.
Schneider unveiled plans to set up a new manufacturing unit besides adding additional warehousing space. The company also outlined fresh production localization programs.
Moving forward, the global pioneer in energy management said it aims to significantly reduce carbon emissions in Saudi.
The move, which reiterates its leading role in tackling the country’s energy dilemma, comes on the back of Saudi registering the world’s highest energy consumption per capita, fastest population growth, and significant industrialization plans that translate into a seven to eight per cent rise in energy demand.
The media briefing additionally witnessed the launch of the company’s flagship event - ‘You Deserve an Efficient Enterprise’ exhibition that has been designed as a three-city tour across Riyadh, Jeddah and Dammam.-TradeArabia News Service