ABB, a pioneering technology leader, has expressed its support to Egypt's energy hub vision during a meeting of its chief executive officer Dr Ulrich Spiesshofer with Egyptian President Abdel Fattah al-Sisi in Cairo, Egypt.
Also present at the at the meeting were Dr Mohamed Shaker El-Markabi, Egypt’s Minister of Electricity and Renewable Energy; Jan Thesleff, Ambassador of Sweden to Egypt; and Naji Jreijiri, ABB’s country managing director.
Spiesshofer said: “I was honoured to discuss the President’s bold vision for economic and social development.”
“Energy is a pre-requisite for industrialisation and our company is proud to be a partner of Egypt in electrification and automation,” he said.
“We fully support Egypt’s goal of becoming an energy hub and a centre for export-oriented industrial production,” he added.
“For us, Egypt is our hub for the Near East, North and Central Africa. We have been present here since 1926 and are proud to invest and provide job opportunities for Egyptians,” he concluded.
ABB is the partner of choice for stronger, smarter and greener power grids globally. The company is also a partner of choice in industrial automation and robotics and motion.
In Egypt, ABB employs 1,800 highly skilled employees in its five Egyptian factories; with its local partners, the total number of people employed by the ABB ecosystem is approximately 3,500.
ABB has invested more than $200 million in expanding and upgrading its facilities in the last decade. About 20 per cent of ABB’s production in Egypt is currently exported; the target is to increase that figure to 25 per cent.
ABB’s recent landmark projects in Egypt include power stations serving the new Terminal 2 at Cairo airport; the control system for the new Cairo water treatment and filtration plant built by the Construction Authority for Potable Water and Wastewater; a control system for a 280 kV wind farm; and the electrification of important new national buildings like the Grand Egyptian Museum in Giza, it stated. – TradeArabia News Service